RE:RE:Makarov AllegationsHe converted to 19.9% ownership, anything more would have required a formal takeover bid circular and would not be advised due to the oversight/diffculties it would bring.
Common sense also tells us, we don't know his personal finances and there's a very good chance he did a lot more than acquire $50M of equity in anticipation of this event. All we know are his public insider filings for SDE.
Call me crazy, but the guy is a lot smarter than you give him credit for and even better at avoiding a papertrail.
One things for certain, he took a paycut exercising early, and if it was really just purely a capital appreciation play, he would have held the convertible debt till March 2023.