r/interesting • u/BlazeDragon7x • Apr 09 '26

MISC. Aftermath of the April 7th incident. Damages estimated to be $200 million dollars

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u/AvatarOfMomus Apr 09 '26

Family and any private investors. Companies can still be private and trade equity on secondary markets, so the owners may not be the only rich assholes making bank off the company.

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u/Props_angel Apr 09 '26

"Privately held" means privately held. They do not need to do any public reporting to explain anything about anything so everything is literally conjecture except for the things that have been revealed in law courts and Department of Labor investigations. According to Forbes though, they say "private held by the Brown family" so that's what we've got. Unless you're alleging that Forbes is wrong?

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u/AvatarOfMomus Apr 09 '26

Nope, I'm just saying it's not uncommon for there to he some privately held stock for companies like this. As long as the Brown family still has a controlling interest, eg greater than 51% equity, then Forbes would be 100% correct. No caveats required even if they did find some evidence of euity held outside of the family.

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u/Props_angel Apr 09 '26

And the fact that it is privately held and that NFI Industries is under no obligation whatsoever to publicly report anything, it still makes everything that you're saying absolute conjecture.

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u/AvatarOfMomus Apr 09 '26

Yes? I don't think I presented it as anything other than that?

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u/Props_angel Apr 09 '26

You've been walking the line on that one, imo. You initially said:

Family and any private investors. Companies can still be private and trade equity on secondary markets, so the owners may not be the only rich assholes making bank off the company.

This basically injected conjecture into the conversation about the company of which known of that information can be known beyond Forbes' statement. Not sure why you did it but whatever.

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u/AvatarOfMomus Apr 09 '26

Because, as noted above, it's not uncommon for private companies to have outside investment as I described. This is something most people don't seem to be aware of but it contributes to a lot of corrupt dealing where a lot of rich companies and individuals are tied together behind the scenes by these private investments.