You are right, people would not look too kindly on Benny if he shuttered REDG and started with a new company. Realistically, it wouldn't matter. As you pointed out there are a lot of people willing to trade in any company, regardless of product or revenue.
Marvel went through a bankruptcy, wiped out the common shareholders and reemerged. They had no problem selling stock to new shareholders.
I think it is only to the common shareholder's advantage to resurrect REDG. They are the ones that would be wiped out.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.