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September 04, 2012, 07:19:42 PM |
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I wondered about this as well when I began looking into BTC securities as most offerings have it now.
I personally included it in mine so that I ever get a solid offer to take my company private, the option is there.
360 hours is 2 weeks ish, and it is 105% over top price - outside of pure manipulation scenario you mention - that seems really fair.
I believe this happens in meatspace when a company gets acquired. The shares are not bought out on market, they are bulk bought at x + premium.
I also suspect most operators do not actually want to work perpetually as they contract themselves to with those "perpetual bonds"
They will wait until the mhash locked to each bond has devalued to nothing and buy themselves out. This is likely where the clause originated from.
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