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Vishal Garg
Better (founder, former CEO)
First call on the ledger
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else is a labeled paraphrase. Every call links its original source. Before you trust the call, check the record.
Where they stand
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Vishal Garg, ousted Better founder, tells Bloomberg he has binding support from 52% of Better's shareholder vote to retake control.
We have already corralled 52 percent of the vote.
Vishal Garg tells Bloomberg that under Better's bylaws the company must accept his shareholder proposal within 10 days or at the latest 35 days.
So I think the company will either need to accept it today Monday in 10 days or at the absolute latest depending on the process in 35 days.
Vishal Garg tells Bloomberg Better shares, down roughly half since his ouster, are fundamentally undervalued and the company should buy back up to $30m.
The company shares are fundamentally over that undervalued relative to where they were just two weeks ago.
Vishal Garg tells Bloomberg that if Better turns profitable over the coming months and sells its UK bank for >$70m of cash, buying back stock is the best use of it.
if we are able to generate both proceeds from operations turning profitable over the coming months and execute the sale of the bank which will release over 70 million dollars in cash to the company then buying back the company stock is one of the best things it can do
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