"Afterpay founder resigns as millions of shares become...

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baker street

2,183 Posts.

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04/06/21

20:19

Post #: 53660339
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Originally posted by learnmoretoearn: ↑

Just a few example of issues APT had on their journey.

For me, this isn't the end, I think its the beginning of a disruptive business that has a huge opportunity in a field that has scope to 3-4x expand in the coming 5 + years.

Afterpay founder resigns as millions of shares become tradeable

One of the original directors of buy-now, pay-later group Afterpay Touch has resigned from the board of the regulatory-challenged company, just as millions of dollars worth of shares available to him emerge from voluntary escrow. David Hancock announced his resignation on Tuesday evening after the market closed. The escrow period was an agreed time-frame during which he wasn't able to access his shares and sell them.

Afterpay senior executive resigns.

The chief marketing officer of buy now, pay later business Afterpay Touch Group has resigned.Afterpay's chief marketing officer has resigned. SuppliedStreet Talk understands Vicki Aristidopoulos handed in her resignation last week. She had been in the role for almost two years

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"Afterpay founder resigns as millions of shares become tradeable"
Yep so he didn't miss out...

This seems a little different. Dan would have been entitled to a huge amount of shares, with some in escrow probably etc, so why throw all that away?
My gut says because he doesn't see the IPO happening... either that or some serious disagreement with the other founder. Dans the one with all the corporate experience too... red flag for me.
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