Quote:
Originally Posted by HamsterWheel
I see everyone is getting excited at 50,000 shares being reclassified.
All it will be is some shares being put in a different pot, probably so they are availalbe for option exercises for US employees.
Not everything has to be a major conspiracy you know !!!
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OK Hamsterman, as my finger hesitates over the ignore list, perhaps there is something you can contribute.
Why would someone convert valuable unrestricted shares, into less valuable restricted Reg S shares? How could that be a 'good thing' (tm).
Why couldn't US employees sell the more valuable unrestricted shares as unrestricted shares?
I'm keen to understand. It seems like a good way to devalue your own currency (in effect).
The only motivation I can think of is denying the buyer of those shares the unrestricted rights, ie full rights available to US citizens.
Pete