Evidence receipt / uncertainty
Published · transcript-backedDavid Rosenthal: uncertainty
18 Feb 2021 Acquired The New York Times Company
“I don't know what the strike price of those warrants were, whether they were penny warrants which is effectively free equity, stock options to employees, or whether they are at the then current stock price of the company or some discount, but they're effectively free call options at whatever the strike price is on the company for the future.”
Source trail
Everything needed to verify it.
- Speaker
- David Rosenthal
- Attribution
- Verified speaker
- Claim type
- uncertainty
- Recorded
- 18 Feb 2021
- Publisher
- Acquired
- Episode
- The New York Times Company
Transcript context
…Then mechanically, how does the warrants to buy another 10% of the company work? I don't know what the strike price of those warrants were, whether they were penny warrants which is effectively free equity, stock options to employees, or whether they are at the then current stock price of the company or some discount, but they're effectively free call options at whatever the strike price is on the company for the future. How long does he wait before then deciding I am going to go pick up another 10% of The Times as this attractive price?…
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