We don't know how many shares and how much market value is, but we do know that he gets 15 cents to the dollar. David Bowie mentions that Tom has 500k shares. Assuming shares are @$2, that's $150k. Is that right? Talk about chump change.
Of course the movie implies that the entire firm crashes post 9/11 and the only people who get screwed are the VC's (David Bowie & firm).
It would be a little under $75k...earlier in the movie Melanie tells Tom that Landsharks' shares had dropped below a dollar.
shareProbably less than that, since the stock had already dropped below $1 days earlier and was headed straight south.
The reason Ogilvy (Bowie) can credibly make such a lowball offer is that Tom's stock currently has no real value at all. It cannot be sold (due to the lockup clause yet unexpired), and even then can only be sold by appointment only: it has no "float" (shares available on the market to trade). If Tom waits three weeks until out of lockup, he'll only have "500,000 shares of delisted paper". De-listing from an exchange (NASDAQ, in this case) happens when a company goes under, making their shares untradable (and worthless).
Sorry for my bad english, but what does "15 cents to the dollar" mean really?
Does it mean that for every dollar the stock has in marketvalue (on the NASDAQ) Tom will get 15 cents? In that case, it's quite a downgrade from marketvalue.
And how does the movie implies that the whole firm crashes after 9/11? Do you mean how Tom says that the numbers of Landshark never worked and that they were 3-4 years to early since the market for their buisness wasn't there yet?
yes, 15 cents for every dollar of value
its another way of saying 15 percent
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"Where.... can I put my ash?"
Probably nothing. A few years back I saw a story on the news where the head of a dot.com bust actually owed millions of dollars to the govt. At one point the company was worth over a $100 million so he owed taxes on that money that really never existed.
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wow that is interesting. do you remember the name of the guy? i would like to read more about that
drugs...changed...everything..http://www.youtube.com/watch?v=c8MGBn3KawM&feature=related
It's the ultimate irony that Tom was actually LUCKY to have his company taken away from him.
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