Devo182
"Well Known Member" TWSS
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His net worth was always connected to his stock valuation. How do you think Bezos and Gates are valued? And yet most stock is highly liquid too...fairly diversified not a problem.His company is completely separate from his personal money. Any money he pays for NIL is liquid. If anything he might be making out big time from this deal if it’s a pump and dump where he offloaded at open.
Regardless, the companies shares won’t affect his net worth
Imagine having $20 billion in worth a few months ago while "offering/guaranteeing" recruits on handshake deals totaling tens of millions. No big deal, huh?
Now imagine losing a vast majority of that...does he stick to his promises? Since most of those (non-CA) kids couldn't sign deals anyway, they were mere handshake promises.
Big difference guaranteeing a fraction of your worth vs maybe 10% or less (cash value...maybe not even taking into account various option plays and other obligations).