Howard Marks
👤 SpeakerVoice Profile Active
This person's voice can be automatically recognized across podcast episodes using AI voice matching.
Appearances Over Time
Podcast Appearances
He was like, you know, I'm out.
So we paid that, I think, 400 grand.
It was public.
You're allowed to make a private transaction with a public company.
The stock price was under a dollar.
It was bleeding.
So we paid the... We actually got a huge discount from the VC as well.
They didn't charge us with the stock price because it was illiquid.
You know, if you went out and said, I want to buy that much, the price would go way high, right?
So as a private transaction, it worked great.
Anyway, we paid 400 grand, 30%.
Then we sent a fax.
At that time, you didn't have email.
We sent a fax to the CEO.
I know.
I'm 55.
Anyway, we basically...
sent the facts.
The guy was like, who are these people?
And we made a deal with the CEO saying, look, we want you out.