> What I do not understand is: what does an 'investor' expects 'injecting' 110 million dollars on a bankrupt business? According to the PrivCo article, they go

> What I do not understand is: what does an 'investor' expects 'injecting' 110 million dollars on a bankrupt business? According to the PrivCo article, they got first rights on liquidation. So they'd be either getting a huge part of a miracle turnaround, or most of their money back when the company was sold off in bankruptcy. Of course that article appears to be completely wrong, so I guess it doesn't actually matter. But there's your motivation for investing in a dying business.