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Old Jul 30, 2014, 9:42 pm
  #10  
eponymous_coward
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Originally Posted by Seat2C
I personally found the 2013 and 2014 Recapitalization portions of the S-1 to be the most interesting, as that looks like where most of the financial shell games lurk. In exchange for some fairly large haircuts, Cyrus Capital and Virgin Group got a huge number of exercisable warrants that will significantly increase the stock float after the lockup period should they decide to convert their warrants to stock.
I won't even get into the poison pill provisions in the S-1. I haven't read the S-1 closely, but it's an interesting read.
Well, that's how the VC funds and Virgin get out of holding the bag, isn't it, by transferring to stockholders post-IPO?

Should be fun... and I don't think I plan on buying any stock for a while, not when there are airlines out there that actually produce dividends...
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