December 2018
Beginner to intermediate
564 pages
17h 34m
English
Shareholder activism is widely assumed to improve returns, and some evidence exists for this—but what if you have a highly technical business model and don't expect your investors to understand?
Suppose your business involves mortgage-backed securities, distressed debt, swaps, or other contrivances? Some of these involve fiendishly complicated financial models, and there's a real risk that the shareholders (or token holders) won't understand. What does that look like in this brisk, brutal environment? Could the stakeholders kill the entity prematurely?
Fortunately, the tokens need not be shares. No technical barrier exists that would prevent the tokens from being other securities.
A token could be a revshare (a ...
Read now
Unlock full access