This is a surprise.
The only way to play the IPO, before it comes public, is via GSVC. GSV’s VC fund owns Twitter and it comprises 15% of their holdings.
However, the CEO of GSV, Michael Moe, HATES his shareholders– literally. Each and every time the stock goes up, the company files for a secondary, so that greedy bastard can raise more capital and pay himself exorbitant fees. It’s a crime what he is doing. I will NEVER buy GSV again.
Having said that, GSVC might spike off this news. But, I expect it will be sold 100 different ways but loose, upon the pricing of Twitter.
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GS is the play
all lines up now…….GS to dow,,,GS to 200
what was that convertable about – to buy govies as some sort of backing to the noteholders? I do not understand, do you?
looks to me like they stole the would be stock pop from the twitter announcement away from shareholders.
What about SVVC? I just checked their latest filing and Twitter was their second largest holding (behind FB), and comprised ~11% of their holdings. The stock has barely budged during the FB run up. Granted half of its value is cash, which partly explains the muted reaction, but the thing is trading at 10% below par! What am I missing here???
By the way, their third largest holding (~6%) is the company that makes the Jawbone Jambox–an indispensable portable speaker for audiophiles (based soled on my own opinion as a self-proclaimed audiophile).
soled = solely
GSVC is a muppet trap. Mike Moe will secondary your ass into debtors’ prison.
He is a greedy stooge.
Guess the posters here who don’t own GSVC! that was easy
GSVC AH +17%
Spot on about the GSVC CEO.
GSVC has FB shares it could sell, but isn’t selling them to raise cash – that wouldn’t increase the assets under management and the fees that go along with it.
Over 15% of the new money raised in the latest secondary has to stay in government securities as collateral for the notes sold. I’ll bet they still get counted as assets under management.
Has the recent war mongering brought back the boomers failed hippie roots? With the community organizer looking for problem solving bombs more than a couple famous peeps have spewed some interesting quotes. Not sure if this means anything to the tape. Found it interesting. Can they really turn on the 0?
The take away could be a loss of faith in anything the 0 does going forward. The war monger thing may have just fractured the ebt, section 8, healthcare with 300% boost in premiums, climate change $5 gasoline, as being the as good as it gets horseshit that it is. Nevermind the skies the limit college tuition. Did Syria just blow the dem boomers back to reality?
Senor Fly. You must have a thought or two on the 0 becoming boosh. Is there a trade here? 2014 midterms are close. The millennial’s are getting older and the boomers are funding them. The tea party has a chance now to explode in popularity.
Can’t believe Alpha Exposure did another negative article on CVV to get it to drop 3% yesterday. This guy is losing every ounce of credibility he has just to cover his short. What an idiot