@paulg @timoreilly totally nonsensical that private stocks so difficult to reprice downwards. Private naturally more volatile than public
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@paulg You should be nicer to@PandoDaily truth hurts but they are RIGHTThanks. Twitter will use this to make your timeline better. UndoUndo
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@paulg TWTR's starting to grow barnaclesThanks. Twitter will use this to make your timeline better. UndoUndo
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@paulg hey! :) I was only speaking from the POV of employees, who usually get options in the private markethttp://www.investopedia.com/terms/u/underwater.asp …Thanks. Twitter will use this to make your timeline better. UndoUndo
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@paulg ironic because private co's are mostly illiquid.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@paulg underwater sounds like a good term for the stock being below liquidation preferences, which is an extreme form of underwater optionsThanks. Twitter will use this to make your timeline better. UndoUndo
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@paulg@timoreilly that's because lack of info to the public about how a Pvt company is doing, therefore they assume the worst.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@paulg@timoreilly Public market options can also be "underwater" - when they are worthless. Same for private cos with liq. pref > valueThanks. Twitter will use this to make your timeline better. UndoUndo
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@paulg Public company stock options referred to as underwater too when the strike price becomes greater than the current share priceThanks. Twitter will use this to make your timeline better. UndoUndo
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@paulg also, when a public company goes private - it's not called an Exit? I am looking at you EMC/VMW.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@paulg partly understandable because it's more relevant to "underwater" employee options - bigger part of comp and less fluid in startupsThanks. Twitter will use this to make your timeline better. UndoUndo
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@paulg this is in part due to sanctimonious tone of promoters of private cos
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