TL;DR, these earnout shares are for the shareholders of TMTG, pre-merger. Those would be the people putting up the initial stake and the execs getting this thing off the ground.
There are targets to hit relating to the stock price, and are payable after 3 years... it's an incentive to drive the company's value, not a freebie to us acolytes.
Deleting is the opposite of what should be done. If you don't leave these things up then the information (which is IMPORTANT information) is lost. There is NOTHING WRONG with being wrong. You posted something confusing but relevant, someone helped correct it and that information was made available to everyone.
And then you deleted it.
Learning the art of finding the truth (debate) is something everyone needs to learn. It is a lost art due to the Matrix that we live in. Self censoring (deleting) wrong information is the worst thing you can do. Admitting an error and correcting it is the best. Adding the information as an edit in the OP would have made the situation clear to everyone, thus increasing the understanding of all for something confusing, and promoting truth in a world full of disinformation.
Never delete something wrong. Just correct it and keep the information flowing. Keep the debate alive. This is the path to truth.
Hol' up, hoss.
These 40M shares are not for us.
Sauce: https://www.sec.gov/Archives/edgar/data/1849635/000119312521308146/d230221d8k.htm
TL;DR, these earnout shares are for the shareholders of TMTG, pre-merger. Those would be the people putting up the initial stake and the execs getting this thing off the ground.
There are targets to hit relating to the stock price, and are payable after 3 years... it's an incentive to drive the company's value, not a freebie to us acolytes.
Oh crap- let me repost this to everyone that commented and then delete this post. THank you!
Nah, just leave it. The pajeet that wrote that for Yahoo made it very unclear.
It's making the rounds, so I'm betting a bunch of anons and pedes will swing around this way looking for more context.
Deleting is the opposite of what should be done. If you don't leave these things up then the information (which is IMPORTANT information) is lost. There is NOTHING WRONG with being wrong. You posted something confusing but relevant, someone helped correct it and that information was made available to everyone.
And then you deleted it.
Learning the art of finding the truth (debate) is something everyone needs to learn. It is a lost art due to the Matrix that we live in. Self censoring (deleting) wrong information is the worst thing you can do. Admitting an error and correcting it is the best. Adding the information as an edit in the OP would have made the situation clear to everyone, thus increasing the understanding of all for something confusing, and promoting truth in a world full of disinformation.
Never delete something wrong. Just correct it and keep the information flowing. Keep the debate alive. This is the path to truth.