Blind Item #9 - Better Hurry Up - Mr. Hedge
This always-thirsty foreign born A list model has a checkered relationship history. Her husband is the CEO of a company you all know. Her husband recently raised some much-needed dough, by selling some of the stock he owns. Since their wedding, this was the first sale her husband has made to get more liquidity.
Almost all of this CEO’s eye-popping wealth is on paper. That will mostly evaporate. If he wants to ensure a lifetime of wedded bliss, he had better keep selling, and quickly.
The IPO of his company was almost a year ago. The company was and is valued in an outrageous fashion, at far higher levels than peers. Despite this, it has done almost nothing but disappoint its investors, again and again.
His company is not really much of a business at all. It does nothing but burn through lots of cash pretty quickly. For every $2 in sales they generate, they burn through over $1 in cash. At present rates, they have about 2 years of cash left. There is a great deal of competition from larger players already, and his customers really hate the recent changes he made.
A list model -
Husband / CEO-
Company -
Bonus Question #1 - How much $ did the husband raise last week?
Bonus Question #2 - How much of his $ is on paper in company stock?
Almost all of this CEO’s eye-popping wealth is on paper. That will mostly evaporate. If he wants to ensure a lifetime of wedded bliss, he had better keep selling, and quickly.
The IPO of his company was almost a year ago. The company was and is valued in an outrageous fashion, at far higher levels than peers. Despite this, it has done almost nothing but disappoint its investors, again and again.
His company is not really much of a business at all. It does nothing but burn through lots of cash pretty quickly. For every $2 in sales they generate, they burn through over $1 in cash. At present rates, they have about 2 years of cash left. There is a great deal of competition from larger players already, and his customers really hate the recent changes he made.
A list model -
Husband / CEO-
Company -
Bonus Question #1 - How much $ did the husband raise last week?
Bonus Question #2 - How much of his $ is on paper in company stock?
