Everyone knew the writing was on the wall 4 months ago when they were shopping for buyers and laid off 1000 people. The fact that they continued to operate for

Everyone knew the writing was on the wall 4 months ago when they were shopping for buyers and laid off 1000 people. The fact that they continued to operate for 4 months with no new investment is the same as if they had shut things down then and offered severance. There was no gamble here like your comment implies.