It’s a snippet when a tiny excerpt of a document is used to try to show how the main message of rest of the document is wrong. This is why, generally speaking, snippet hunting is a total waste of time.
You can read the entire document that this excerpt is from and have no question whatsoever that the excerpt is consistent with the rest that evidences a liquidation. Hence, not really a snippet.
“Thirdly we confirm that the transaction with NumberCo provides for no other consideration other than the payment made at closing, including and consideration to equity holders; consequently, there is no value in the transaction for holders of equity claims such as your clients. “
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