Re:Elizabeth Holmes found guilty
by jameson on Monday January 03, 2022 @07:41PM
(#29789361)
What an odd sums of money ending with 9s. Does anyone know why such numbers were picked?
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Because someone says "I'll invest $100,000,000" and it's not evenly divisible by the share price.
It's probably minus the wire fee, so you can round up.
Round number minus various transfer fees maybe?
Re:Elizabeth Holmes found guilty
by ShamelessC on Monday January 03, 2022 @07:43PM
(#29789397)
What are you talking about?
Count six of wire fraud in connection with a wire transfer of $38,336,632 on or about Feb. 6, 2014: Guilty.
Count seven of wire fraud in connection with a wire transfer of $99,999,984 on or about Oct. 31, 2014:Guilty.
Count eight of wire fraud in connection with a wire transfer of $5,999,997 on or about Oct. 31, 2014: Guilty.The $38m one likely has to do with share count or funds.
Often shares will be split %-wise between two or more funds. I.e. 22.5% goes to XYZ Fund 1, 85.5% goes to XYZ Fund 2. These % can be super specific and make it so wires go down to the cent.