Reglikedomain industry desk

Machines co-founder dumps another 30 million shares — Minds +

Krueger now owns regarding 5% of the firm.

Minds + Machines co-founder Frederick Krueger, who was pushed out of the firm at the end of May, has sold another 30 million shares in the firm.

He now owns regarding 41 million ordinary shares of the fresh top level domain name firm, or regarding 5%.

When he left the firm, he stated he planned to keep the “vast majority” of his shares in the firm. Since then he’s sold 87 million shares, or regarding 70% of his holdings of ordinary shares.

This means he has actually sold the majority of shares he owned in the firm instead of keeping the majority. It would seem Krueger changed his mind.

Minds + Machines is right now considering using some of its cash holdings for share repurchases or making a dividend to shareholders.

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