Isn't that exactly what is happening, with just with fewer steps? Or are you saying that the existing shareholders must take a haircut by forced selling, so th

Isn't that exactly what is happening, with just with fewer steps? Or are you saying that the existing shareholders must take a haircut by forced selling, so that some other buyer can purchase these shares at a discount? Thus, it is a form of financial punishment for the shareholders to workaround the limited liability?