Comments on: Merger of DSL.net Into Subsidiary of MegaPath to be Effected at Close of Business Today http://whall.org/blog/2007/03/30/merger-of-dslnet-into-subsidiary-of-megapath-to-be-effected-at-close-of-business-today/ Come on in and stay a while... laugh a little. Maybe even think. Wed, 07 Jan 2009 21:28:59 +0000 http://wordpress.org/?v=2.7 hourly 1 By: whall http://whall.org/blog/2007/03/30/merger-of-dslnet-into-subsidiary-of-megapath-to-be-effected-at-close-of-business-today/comment-page-1/#comment-33724 whall Thu, 11 Oct 2007 21:45:25 +0000 http://whall.org/blog/2007/03/30/merger-of-dslnet-into-subsidiary-of-megapath-to-be-effected-at-close-of-business-today/#comment-33724 I'll put on my Captain Obvious hat and state -- you sound upset. First off, I don't know what you're talking about. I wasn't part of the deal. I'm not privy to any info about the deal. I'm an employee of MegaPath, not an officer. Second, if the company isn't worth enough to pay preferred stock (original investors) in order to be worth something for common stock, then so be it. That's how business is done. The same thing happened to me 3 times so far at companies I've worked for - employee options are always common stock. So when we got bought, all the common stock is valued at nothing. So it starts over. I’ll put on my Captain Obvious hat and state — you sound upset.

First off, I don’t know what you’re talking about. I wasn’t part of the deal. I’m not privy to any info about the deal. I’m an employee of MegaPath, not an officer.

Second, if the company isn’t worth enough to pay preferred stock (original investors) in order to be worth something for common stock, then so be it. That’s how business is done. The same thing happened to me 3 times so far at companies I’ve worked for - employee options are always common stock. So when we got bought, all the common stock is valued at nothing. So it starts over.

]]> By: Richard Spillman http://whall.org/blog/2007/03/30/merger-of-dslnet-into-subsidiary-of-megapath-to-be-effected-at-close-of-business-today/comment-page-1/#comment-33662 Richard Spillman Wed, 10 Oct 2007 07:47:39 +0000 http://whall.org/blog/2007/03/30/merger-of-dslnet-into-subsidiary-of-megapath-to-be-effected-at-close-of-business-today/#comment-33662 You pretty much stole the company. You screwed the share holders. I hope you guys go broke. That appraisal of shares was a joke, you bastards ripped off a whole lot of people. How many pre-ipo shares did Laurus, David, Kier and Vantage point get for this "Arms length" deal? It was nice of you bastards to bleed the company dry instead of stopping trade and paying out the cash to the shareholders when you still had some cash. You pretty much stole the company. You screwed the share holders.
I hope you guys go broke. That appraisal of shares was a joke, you bastards ripped off a whole lot of people.
How many pre-ipo shares did Laurus, David, Kier and Vantage point get for this “Arms length” deal? It was nice of you bastards to bleed the company dry instead of stopping trade and paying out the cash to the shareholders when you still had some cash.

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