In a BK would options be wiped out as well as equity holders? Would assume they would reset them at a different price at time of coming out of Bankruptcy. Typically an equity raise would be set lower than current price to attract attention. Otherwise they would just keep pumping out new shares to the market and let average joe buy them.
I do agree that this could work long term with the new CEO. Not sure why he would have ever left Popeyes to take this over. Seems to be a step backwards.
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