I'm trying not to be a hater with respect to this, but Nicole you're asking all the right questions and pointing out all the potential issues. I'm having a hard time believing anybody will be buying in at the same terms, with the same rights, with the same voting power, as the initial Series B investors. That may be the case, but why not just come out and say that? I'm very skeptical of whatever fine print will be attached to the final terms.
All that said, if this truly is a way for writers to become shareholders, it's a great idea and something I support. Nothing about the way this is being presented gives me that confidence, however.
I'm trying not to be a hater with respect to this, but Nicole you're asking all the right questions and pointing out all the potential issues. I'm having a hard time believing anybody will be buying in at the same terms, with the same rights, with the same voting power, as the initial Series B investors. That may be the case, but why not just come out and say that? I'm very skeptical of whatever fine print will be attached to the final terms.
All that said, if this truly is a way for writers to become shareholders, it's a great idea and something I support. Nothing about the way this is being presented gives me that confidence, however.