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WinMX World :: Forum  |  Discussion  |  WinMx World News  |  Kim Dot Com Looks To Float Company On Stock Exchange
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Author Topic: Kim Dot Com Looks To Float Company On Stock Exchange  (Read 220 times)

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Offline GhostShip

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Kim Dot Com Looks To Float Company On Stock Exchange
« on: March 26, 2014, 04:50:25 am »
It looks like business is going very well for Mr .Com  :)

http://www.bbc.co.uk/news/technology-26732824

Quote
Internet tycoon Kim Dotcom, whose site MegaUpload was shut down by US authorities in 2012, has announced plans to list his new file-sharing firm on the New Zealand stock market.
He is currently fighting extradition to the US over charges of copyright infringement on a "massive scale".An extradition hearing is set for July.

Mega will reach the market by using what is known as a "backdoor listing". Rather than floating in its own right, Mega will take over TRS Investments - which is already listed - and change the company's name and operations.

TRS will issue Mega with 700 million shares at 30 cents each, totalling NZ$210m ($180m; £109m). Mega's shareholders will own 99% of the firm. Mega's chief executive Stephen Hall said he intended Mega to be a listed company by the end of May.

Change is good but it would in my opinion be a tad more sensible to get all the court actions out of the way before throwing caution to the wind in an open market share offering, share values may well take a dive if .com is forced to wear one of those nice orange boilersuits they hand out at "club USA"   :lol: :lol: :lol:

WinMX World :: Forum  |  Discussion  |  WinMx World News  |  Kim Dot Com Looks To Float Company On Stock Exchange
 

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