my guess somebdody made preemptive offer of 1.5 to $ 2 to aovid auction and riks, need to be approved by all parties judge creditors bondholders. Was involved in simalr scenario in past want to buy a SMB business in bk. We were very concerned who would bid at auction, so we offered 100% more right away than all debt. deal was done, and we paid with stock. We wanted the IPs
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