Pretty clear that OP signed away his shares and ended up with only 1% of what they were worth.
Presumably they told him his shares would be worthless anyway an if he didn't take this "great offer" it would expire when he left the room and he would get nothing...
...and he fell for it.
It wasn't dilution of other things people are talking about here... those things happen but this guy straight up just got had.
So sure equity is worthless... if you sign it away.
Presumably they told him his shares would be worthless anyway an if he didn't take this "great offer" it would expire when he left the room and he would get nothing...
...and he fell for it.
It wasn't dilution of other things people are talking about here... those things happen but this guy straight up just got had.
So sure equity is worthless... if you sign it away.