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Perhaps Ryan thought he might make a windfall from any warrants that weren't purchased in bankruptcy. "But startups’ objections were made in vain when the cour
by LocalH 2y ago
Perhaps Ryan thought he might make a windfall from any warrants that weren't purchased in bankruptcy.
"But startups’ objections were made in vain when the court overruled them. A bankruptcy court’s goal is to oversee the selling of assets to settle debts. If there is money left over, it’s paid to shareholders. Ryan is the majority shareholder."