They gave them shares to incentivize them to work hard to achieve a result that was not liquidation. But that did not work, as reported, signed and approved.
Tick tock for what? Is there a date you'd like to disclose? Or just keep punting?
“The liquidation of the Company’s assets will result in little to no residual value for non-secured creditors, and NO residual value for equity investors of the Company”
Doesn’t get more clear than that. What did they do lie in the SEC filings lol