Ask HN: Got acquired now have some problems

#1

Post by ginsing » Sat, Sep 14, 2019, 1:57 PM UTC

Hello, Im one of first employees and still working in the company. We was acquired by one of NASDAQ companies for quite good money 2 years ago with kind of standart scheme like: Some money right now on the table and for the rest you have an option.

I own less then 1% of the company and never seen any papers except some documents regards first money trance and some SEC fillings regards our deal where was some notes regards that: company A acquired 80% of the company B, remaining 20% we have in option.

1 year ago i executed half of my stocks with option rights and got a money everything was just fine.

Now im trying to leave the company and sell my remaining stocks but the company offering me 3 times less the money and telling me sell or keep this stocks to yourself.

What can i do?

Re: Ask HN: Got acquired now have some problems

#2

Post by LoSpietato » Sat, Sep 14, 2019, 2:56 PM UTC

First of all, you should ask yourself why have they changed the game that was being played before? In other words, why are they playing hardball now?

Re: Ask HN: Got acquired now have some problems

#3

Post by ginsing » Sat, Sep 14, 2019, 5:39 PM UTC

LoSpietato wrote: post #2

First of all, you should ask yourself why have they changed the game that was being played before? In other words, why are they playing hardball now?

Was trying to get the info, but unfortunately no clue. M&A team which one was responsible in time the deal was made - already gone.(