I read the contract and to me it means they'll hold 30% indefinitely. (IE, their profit comes from dividends, thus keeping them motivated.)
Really? I remember them
specifically saying that was not the case, and that they would sell up to 25% of their shares prior to the first 6 months.
Specifically in the contract, or specifically elsewhere? The contract is the basis. You can't put something in there and then post elsewhere "we didn't really mean that."
Either they meant that they'd hold them indefinitely, or they meant that they would not hold them indefinitely. What purpose is there in the statement that they'd hold X% if as soon as the IPO completes they can just list those at will? Thus my interpretation was that they meant indefinitely.
Lol, don't worry about it. I'm sure someone would have noticed. It shouldn't have been posted without any context, and I think selling was the right move. I still made a pretty big proft overall, and bought about half way back in
There are hundreds of pages of context here.