Indeed. This is also why the old CEO was smoked, but the jokes on everyone else because he still got his bonus and whatever severance package.
Judge is trying to do "right" in the sense with keeping key employees with the release of the bonus money. However, the old CEO and I'm sure other peoples bonus is all rolled into it. Judge doesn't want to deny the bonuses for 325 employees, 1 of which is the old CEO. Don't burn the other 324 because of 1 idiot. It's a smart way to ensure CEO still gets his bonus even though he get smoked for driving it into the ground.
Of course, thanks to that old idiot CEO, you have a good law suit against the company since he promised everything to the share holders.
If the new CEO is any kind of a good man that he claims to be for the people in his videos and his statements, then like you said he would keep the stock, or at least issue new warrants to existing holders. I'm not going to hold my breath on either one though. Can't trust them to do the right thing because if they were trying to do it, they would have done it BEFORE it even got to the point of BK. They should have tried to get things done with the unions at least a year before they filed for BK.
