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Title: Re: What's with the buyback clauses in these securities? Post by: ianbakewell on September 04, 2012, 08:57:44 PM I wondered about this as well when I began looking into BTC securities as most offerings have it now. This is what a motion is for. Raise a motion to sell the asset (hopefully at a nice profit). Shareholders like profit, motion passes, everybody wins.I personally included it in mine so that I ever get a solid offer to take my company private, the option is there. Fair enough :) I am new to this so was just going by other market offerings and what I figured was best for both parties. I doubt the clause is placed into assets with some evil intent, more likely they did it same reason I did / for the reasons Meni mentioned. I see where you are coming from however. While I doubt people placed the clause in their offerings with evil intent, I do agree the possibility is there. There just has to be a better way, a better worded "out clause" for the maintainer that is fair to the investors as well. I would be the first one to raise a motion to have mine changed should the community come up with one. |