I assume they’re being honest about the value of the company. They’re not “lowering” it. The company is worth whatever a potential buyer is willing to pay for i

I assume they’re being honest about the value of the company. They’re not “lowering” it. The company is worth whatever a potential buyer is willing to pay for it. And whatever that number is, I can’t imagine it’s meaningfully different from “$0”. I’m talking about the brand and the technology, not the assets that need to be distributed to creditors. The alternative here is if the lawyers found the back door, and decided to keep it secret. That’s not ethical IMO.