I dont know how it works but there must be some way to prevent that. Otherwise poeple would just - buy 51 % stake - run the company into the ground - announce

I dont know how it works but there must be some way to prevent that. Otherwise poeple would just - buy 51 % stake - run the company into the ground - announce its bankrupt - at the auction buy back IP for pennies on the dollar - start new company with previous IP, same domain name, same servers etc Also if there was an auction, what prevents Google, Meta, MS, Amazon, etc from buying the IP instead.