Aidan Donnelly
👤 SpeakerAppearances Over Time
Podcast Appearances
The company and he can't be sued by any shareholders, right?
He can't be second guessed by shareholders.
So you can't have a proxy where an activist shareholder comes in and says, I don't like the way you're running this business.
I'm going to try to look for change at the board.
he's going to appoint 51% of the board directors or more, right?
So he isn't going to pick people that he doesn't like, right?
So when you look at all of that, you're pretty much saying to yourself, I'm basically trusting him to do what's right, okay?
And even if I think he's done something wrong, I can't do anything about it.
Right.
And that's that's the reality of it.
Now, what's interesting about this is a year ago, he wouldn't have been allowed to do that.
Right.
The SEC in the US have changed the rules a year ago to allow structures like this where you can't be sued, where you can't be second guessed when all of these types of things coming through.
And the big question, ultimately, I think for a lot of institutions like.
As I sit here, right, I'm never going to have control to be able to go in and muscle in and own an amount of it.
But if you're a very large shareholder in any company, whether you want to exercise that right or not, you have that right to be able to go and look for change at the board and things like that.
you're not going to have it here, right?
Then you talk about the valuation, right?
And as you said, 1.75 trillion, right?
As we said a second ago, it is generating about, you know, 18, 19 million of revenue.