Wednesday, September 18, 2019 3:37:19 PM
It's a form of turnabout being fair play. They thought (and I don't agree) they got rooked in the original deal, now they could wind up with their company back, and a few million better off in their personal accounts. That won't fix their own product line's hemorrhaging, though, which is why they were in a position to sell out so cheaply in the first place (in my opinion). They'd also have to find a way to scrub off the (huge) debt. Bankruptcy comes to mind (debtor in possession, self dealing), but perhaps they could find yet another sucker to assume the Snap crap in exchange for the liabilities. EK once sold it for nine figures, bought it back for pennies on the dollar, then sold it again. Why not? They might even be able to trade it back to him for the debt.
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