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[invent new stock leguration] at M&A

  • yodoyodo
  • 2015年11月16日
  • 読了時間: 3分

You know, we have seen somewhat cases that the businesses had been spoiled after being taken over by someone or some other companies who are not suitable the businesses’ owner, that is they don’t understand the value of the businesses or its users. I know, the former owners of the businesses were happy because they got money enough to accept. And also acquirers were happy because they got the company they wanted. But there, only its fragile users exposed to uncertain future. And then, unproper new owners change its features or merge to their original services destroying the businesses’ values and plus acquired. The users must leave it. Only poor users lost the values on the businesses. No one can blame the acquirers because they bought the busisnesses in order to make good effect to their original businesses. They can do about the businesses they acquired anything they want. Only the users can blame the original founders of the businesses. But, I can accept the original founders who needed, wanted money or also it was possible they couldn’t continue their business by their financial issues.

So, I suggest the new idea of stock regulation here to prevent the problem above. In our current world like the case above, capital is strongest and right. Capital is right that the founder’s idea, policy, value of the business, or the users’ contribution to the business, users’ making effort to improve the community or users’ spending time on the website whatever. One who owns the stock mostly rules over the business. It’s exactly depend on the rate of holding stock share. That’s the capitalism and the simplest and clearest way. Also, I like the capitalism, but we might be able to add the new function to the regulation of the stock to make the world better. The idea is following. Make the new rule that the founder or the board member will hold the critical parts of right to control the company even after being acquired by others in case of the founder still owns the share above the certain rate. For example, in case that the founder will keep holding more than 30% of the share, even if other acquires more that 50%, the founder still remains his/her right to control the company that is only critical parts of right, so the founder still hold the making rule over the company likewise the terms of seed, early stage, series A, B, C whatever before IPO. This new idea of regulation can realize the same situation of the investment before IPO, that is, the capital from investors is diluted and then the founder’s share can be sustained at the higher rate than they really invested even in the post IPO. So, founders can get big capital from the others sustaining founders’ right of the business even in the post IPO. But then, how about other individual stock holders? In this new idea’s case, its market and the other who will acquire the company announce all the individual stock holders that it will be taken place the special case named Acquisition Remaining the Right making the certain term such as 30days before taking place it, so the individual stock holders can think over whether they should sell their stock or keep it. Maybe it’s possible that issueing additional stock for the founder to keep the founder’s right to dilute the acquirer’s stock. New issuing the founder’s stock is not on the market but as their private stock.

Anyhow, I think this addition new regulaton to the stock rules can protect the founder’s or real right thinker’s of the business value in the business not only depending the capital. We should foucus and consider the users than capital money. Right?

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