I'd love to get a frame of reference on the value of Alameda's shares in Manifold. I have deep knowledge of investments that go very, very wrong. You could say I majored in it. Fancy school, special program.
I will determine the value of a Soviet-era 100 ruble note by searching for that term on eBay on January 31, 2024. I am aware of hyperinflation and it's possible I owe taxes to the Yeltsin government. The bank "Menatep" was the only place taxes were payable in 1996 and what a shame, it collapsed before I got my payment confirmed, so who knows.
YES equals value of described Manifold share relative to Soviet-era 100 ruble note. Should YES exceed 50%, I will not resolve until independently corroborated by a classmate of mine in the investor community, who will admit to knowing me, that the value is non-ridiculous.
In the unlikely event this market attracts participation, I'm tempted to follow up by comparing more stuff to my treasured illiquid Soviet-era collectibles. I have a couple light-up replicas of the Savior Of The Motherland statue in Volgograd, Euro plug. A music box with attached flying Sputnik that plays "Shiroka Strana Moya Rodnaya" when wound up. A pen holder with Lenin's head floating on a banner above the skyline of Baku circa 1984. Can't take them to my grave and the kids aren't interested.
ETA: Searching today February 1st 2024. I doubt either price changed substantially overnight though
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This has turned out pretty much unresolvable. Alameda was granted some number of shares, other investors have some other number.
Assuming Manifold has been growing its pot of seed money rather than burning through it, why would a share buyback be best use of these funds? It’s not like Alameda is going to exercise a lot of decision making power or throw its weight around. Or like Manifold is out of other things to invest in. I could be missing something here, I’m not a VC.
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