The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Not sure if you’ve ever work for a pre IPO company or not but I’ve done 7.
When you get pre IPO stock options they vest over a 4 year period & if you don’t pre buy them at grant prices you have a big tax bill on sale post IPO.
You DONT own that equity until you buy them & pay tax or sell to cover tax & take profit gained.
So basically pre IPO options are a piece of paper until you pay out cash to buy the ones that have vested.
Now should you leave, get fired etc before you’ve executed any stock that has vested you loose em. They are nothing until bought paying a tax gain or cashed out.
Not the same as buying equity on the open market at public rates.
Nicole Eagan Is nearly 60
Early retirement? Helping family?
Needs cash for legal fees?
She’s very lightly got a lot more so cashing out a few for £4m isn’t a big thing in the scheme of her net worth
Respectfully I disagree from personal experience
I could have held many of mine in a few companies longer but I took real cash to do things I wanted to do in life and live mortgage free
They are only paper shares doing nothing until you convert to real cash that you can do things with now to enjoy life
You have no idea of a persons personal circumstances
Always need to consolidate a new base after a rapid rise to build foundation for next upturn
Down to 1 shorter is positive
Down to near 1% shorted is very positive
Execs cash out chunks after IPO - quite common
Who knows why they need a chunk of cash - doing up house, garden, car, helping kids, paying off mortgage (that’s why I sold mine) etc
Number are solid and improving quarter after quarter
Undervalued bargain buyout opportunity for competitors
Because, speaking from experience selling many IPO shares, cash in the bank is cash in the bank vs paper shares
And the good news is they are already independently verified as all clear here at Dark
https://www.lse.co.uk/rns/DARK/conclusion-of-ernst-young-llp-review-putyemdewvvkdw1.html
Qube are just x Cred Suisse with a big pot of money to play with so looking at their short portfolio this is peanuts and irrelevant to their fund overall
At the end of the day, results talk and drive share prices on forward projections for market cap 😁
Kintbury Capital LLP down to 0% - bought out all shorts
https://shorttracker.co.uk/company/GB00BNYK8G86/
Qube up out on their own now
https://www.lse.co.uk/ShareShortPositions.html?shareprice=DARK&share=Darktrace
I’ve done over 30 years in IT incl SaaS security & more - totally agree
Thx
Some like to be optimistic positive drivers for good
Others just love to criticise as they can only live a hindsight life with no forward looking predictions swirling in pessimism of others comments
Getting down to near 1% which isn't a lot https://www.lse.co.uk/ShareShortPositions.html?shareprice=DARK&share=Darktrace
That’s the difference between us investors and the day traders 😁
They’ve overachieved every quarter since going public so hardly one set of good results - the pattern is now showing forward growth that can be priced in
Idiot Brit’s don’t get tech alas
Hope they get bought by a Nasdaq listed company and it gets consumed into a market of smarter people
Always so negative with your low predictions 😂
It will definitely be a case of who tries to buy Darktrace with Microsoft in the top spot followed by
IBM
Oracle
EMC
Cisco
Computer Associates
VMWare
Dell
EMC
HP
Pal Alto Networks
Okta
Google
Norton
Or even a competitor such as
Crowdstrike
McAfee
Symantec
SentinalOne
It will happen one day