If the state does invest in Xanadu, the governor said, "we have to become owners along with those who would operate and own Xanadu so that we can participate in the upside of that project".
Some shareholders balked and said they wanted to be able to participate in the upside of the deal, fearing that the offer price was too low and the "smart money" must have a secret plan.
SnapTell, too, is charging the publishers only a promotional price, "but the end business model here is we hope the magazines convince their advertisers to pay a little more for this extra feature, and we would then participate in the upside of the revenues," said SnapTell's chief executive, Gautam Bhargava.
We are offering shareholders superior value and the opportunity to participate in the upside of the combined company.
He will advise the fund and bring it deals, as well as participate in the upside of the fund.
For shareholders, a successful combination would provide superior value and an opportunity to participate in the upside of the combined company.
On the conference call this week, Flores stated that this deal allows him to continue to participate in the upside of McMorans future success, although at a diminished level, without having to put up any additional funds for their development.
By aligning incentives, early investors will be able to participate in the upside of successful companies.
"The fact that I had a bearish bias in 1998 maybe prevented us from participating in the upside, but, really, it is unrelated".
"Everyone at the company will participate in the upside and receive a portion of the proceeds from the investment," he wrote.
