So get this, a guy, a guy who had the value less than a Tesla vehicle was able to try to upend the entire corporate practices of the Tesla company. That's just wrong. And so what We are trying to codify in Texas [a requirement for] ownership of at least 3% of a business before a derivative action can be brought against a company. When will the. What do we call it? The taxi, The Texas Stock Exchange, when does it launch? So if everything goes smoothly, structurally, they're up and running for both listings as well as trading. (08:06–08:15)
CLAIM
Asserts that Texas is trying to codify a 3% ownership requirement for derivative actions.
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