The social media platform is poised to go public via SPAC at a $6 billion valuation as former President Donald Trump’s supporters pump money into its stock.
The State of New York is not going to take locked up very volatile stock as payment. Neither is any insurance company. They can just refuse it. It’s just an IOU.
Any company could just create whatever shares they needed to pay any fines. Like “oh here is an IOU due in 50 years”. “I promise the money will be available.”
Believe me, someone has tried that before. It’s New York State. They deal with complex financial crimes all the time.
The State of New York is not going to take locked up very volatile stock as payment. Neither is any insurance company. They can just refuse it. It’s just an IOU.
Any company could just create whatever shares they needed to pay any fines. Like “oh here is an IOU due in 50 years”. “I promise the money will be available.”
Believe me, someone has tried that before. It’s New York State. They deal with complex financial crimes all the time.