Clayton wouldn't care about his restricted SSOF shares because he will get $10.5 million in cash for the A-1 preferreds. And another $17 million in 10SN stock and/or debt financing. And $140K over 5 years of his executive contract. Joslin and Frazier will get the same salary. The guy that gets F'd is Frazier. He has no A-1 participation, only restricted shares. But he does double his salary.
The guys that will need KY jelly from Walgreens is all of us. The common will be almost wiped out in the conversion. Time to lube up.
The only hope left is an LOI rescind. But for me i will never get over the screw job Clayton laid on us. His reputation is crushed IMO.
Even still he should do the right thing, but i wouldn't bet on it. He's gonna prove his stepdad wrong, i believe.