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[TechCrunch] Federal Judge To Winklevoss Twins: Facebook Won, Deal With It - Page 4

post #31 of 34
Quote:
Originally Posted by Hephasteus View Post
Uh no. They have shares in a company that isn't publicly traded. It's not publicly traded on any exchange and it's incorporation breaks the number of investor rules to get around the public exchange thing. He can sell them to mark zuckerberg who has no cash. Or he can give them to a new jersey school and take a tax writeoff when the new jersey school can't get rid of them. It's like a herpes donation or something. Or he could sell them goldman sachs who are trying desperately to keep jp morgan from being entirely and utterly slaughtered before price of silver reaches 47 dollars and they have go into the market and buy up millions of ounces of it to cover naked shorts.

And let's see. JP morgan left messages on clients answering machines offering them stocks and I think quite a number of people fired off angry phone calls or get some crazy pills responses.

So bascially you are stuck in a small obscure club of people who are all totally in agreement that mark zuckerberg is as rich as all get out and if you try to leave the club you will leave with probably around 4 dollars and 58 cents.

The judge might as well have awarded them warren buffets used cholostemy bag.
I doubt this is the situation they're in. You can still get paid out for shares of a company even if it's not publicly traded. I'm sure they were given 100% vested shares, and that the company must pay out shares if the twins wanted to redeem the dollar value of their shares (I'd be surprised if there was a cliff in how long it would take for the shares to vest as awarded by the judge/lawsuit). It all depends on what was said in the settlement. But do you think people who have shares in a private company just walk away with nothing unless the company goes public or is purchased by another company...?
    
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post #32 of 34
Quote:
Originally Posted by guyladouche View Post
I doubt this is the situation they're in. You can still get paid out for shares of a company even if it's not publicly traded. I'm sure they were given 100% vested shares, and that the company must pay out shares if the twins wanted to redeem the dollar value of their shares (I'd be surprised if there was a cliff in how long it would take for the shares to vest as awarded by the judge/lawsuit). It all depends on what was said in the settlement. But do you think people who have shares in a private company just walk away with nothing unless the company goes public or is purchased by another company...?
No this is known as a "cash equivalent" which basically means it's equal to cash if you can find a sucker. That a JUDGE would award stocks is REDICULOUS. The stupid dollar is an illegal device for the payment of debts, it's illegal because it breaks the constitution. But under our illegal system the judge has to at least award them the legal monetary devices used to settle civil debt matters.
The judge needs a brain scan to be certain his brain has not be stolen as he is not using it. That it's a federal judge is even MORE DISTURBING as he essentially awarded them something that only the people he WON against are able to broker the exchange out of the judgement. And if the IRS shows up wanting imediate cash he should probably mail them monopoly money with cash equivalent rubber stamped all over it.
This case, this settlement, is a stupid bad joke.
This hasn't been settled at all because as I've said. Facebook is worthless. It's got no monetization pathway and the only monetization pathway it's presently working on is having the stupid homeland security post junk on it and get billed huge. Law enforcement keep cruising it night and day and making some big deal about how they are "constantly" finding people who post and brag about robbery or drug sales or stupid stuff on facebook and how easy it is to find them once they brag. So we have a system that is used in some sort of strange way with no way to double check if it really is effective or not that is owned by people who commit more crime robotically with computers than all the collective robbers and thieves with facebook accounts could possibly generate.
It's a bull dropping PR spinning, nightmare of half truth and computer sales and text messaging fees. Also trying to pretend it's invaluable to revolution in Egypt and other sorts of nonsense. One phone one message to egypt is equivalent to hundreds and hundreds of communications as the rare few people with phones leverage it by telling friends who tell friends who tell friends.
Edited by Hephasteus - 4/12/11 at 3:52pm
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post #33 of 34
Quote:
Originally Posted by Hephasteus View Post
No this is known as a "cash equivalent" which basically means it's equal to cash if you can find a sucker. That a JUDGE would award stocks is REDICULOUS. The stupid dollar is an illegal device for the payment of debts, it's illegal because it breaks the constitution. But under our illegal system the judge has to at least award them the legal monetary devices used to settle civil debt matters.
The judge needs a brain scan to be certain his brain has not be stolen as he is not using it. That it's a federal judge is even MORE DISTURBING as he essentially awarded them something that only the people he WON against are able to broker the exchange out of the judgement. And if the IRS shows up wanting imediate cash he should probably mail them monopoly money with cash equivalent rubber stamped all over it.
This case, this settlement, is a stupid bad joke.
This hasn't been settled at all because as I've said. Facebook is worthless. It's got no monetization pathway and the only monetization pathway it's presently working on is having the stupid homeland security post junk on it and get billed huge. Law enforcement keep cruising it night and day and making some big deal about how they are "constantly" finding people who post and brag about robbery or drug sales or stupid stuff on facebook and how easy it is to find them once they brag. So we have a system that is used in some sort of strange way with no way to double check if it really is effective or not that is owned by people who commit more crime robotically with computers than all the collective robbers and thieves with facebook accounts could possibly generate.
It's a bull dropping PR spinning, nightmare of half truth and computer sales and text messaging fees. Also trying to pretend it's invaluable to revolution in Egypt and other sorts of nonsense. One phone one message to egypt is equivalent to hundreds and hundreds of communications as the rare few people with phones leverage it by telling friends who tell friends who tell friends.
I think the whole deal was that the guys were attesting that they contributed to the company, and were therefore entitled to part of it. Ergo, they were given part of it. They could try selling off some of the shares on sharespost.com or something. I'm sure there are lots of people that would like to get their grubby hands on some FB stock.

You really like facebook, huh? I'm no big fan of it either... Though you forgot to mention their main monetization route: FLASH GAMES!!!!

It's interesting to wonder if FB has interest in going public though. Because in going public, it would open them up to a lot more oversight, regulation, and actually answering for the things they do. Not that being publicly traded makes for a good thing either way. And it's funny, even though FB is "worth" $50B, I couldn't see them sustaining annual revenue of even $1B unless they went to something like subscription-based access, or a free general-use, but then a yearly subscription for "plus" accounts, or some such nonsense like that. They've set themselves up to be able to do that. So many people can't seem to live without it, and I'm sure lots of suckers will pay for it.
    
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post #34 of 34
Every time I see that picture with their faces I laugh so hard I almost cry. I'm not being mean, I just think its so funny, like those cartoons the new yorker draws where they emphasize facial features.
    
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