In situations where collateral'ed assets are taken, though, aren't they auctioned to the highest bidder and the indebted entity is only able to recoup the money owed them? The rest would come back to the company in debt, no?
Of course this would be a bad situation but not perhaps a complete loss for retail shareholders. Tell me where I'm wrong.
"YA owns NEOM via all NEOM assets having been pledged as collateral on various financings .... some of which we may well be in default on. (sorry for the dangling participle). It's all in the SEC filings."...
yj and beam might be compelled to challenge you on that, just like they did w/ me when I said (in not so many words) basically the same thing...
"...it speaks volumes because essentially YA owns NEOM outright..."
That said, again, in my first linked post here it seems clear that YA is satisfied w/ the USPTO's assurance regarding NEOM's core patent and that, is a very good thing.
News 
Market Data 
Discover 
