May I just say, that the most ridiculous thing in this news really is selling a 15% stake in a company for $100?
I'm no way rich, but I would not even bother taking the time to go to a lawyer or whatever and do all this kind of paperwork for such a ridiculous amount of money, I'd just ride it however it goes and not care.
> May I just say, that the most ridiculous thing in this news really is selling a 15% stake in a company for $100?
no kidding. i wouldn’t sell a 15% stake in a lemonade stand for $100. that doesn’t even cover the hassle of reviewing the contract and signing a bunch of notarized paperwork
Suppose you made it very easy for them to sign it over, with the contracts ready and someone in person ready to guide you through signing them. You could apply guilt and some made up scenario about needing those shares back so that the company can move forwards. Enough spin and pressure could do it.
The box was my favorite torrent site back in the day but the seeding requirements were a little insane especially when there was no one that wanted the same content.
Yeah, it was a bitch when you wanted some totally random show that no-one wanted. You could get yourself in a horrible ratio hole. I guess that's why we made so much money from people buying themselves out of holes.
Right? Like ... what happened in that transaction?
My feeling is that the guy also got some favors or something under the table, and the $100 was purely nominal. If that's the case, it could be that whatever he was promised didn't actually pan out, and now he's suing in retaliation.
In any case, "$100 for a 15% stake" simply cannot be the whole story.
I'm no way rich, but I would not even bother taking the time to go to a lawyer or whatever and do all this kind of paperwork for such a ridiculous amount of money, I'd just ride it however it goes and not care.