The way these warrants are structured is a genius move by NewChips CEO Andrew Ryan. Haters can say what they want about him, but he goes the extra miles for his shareholders.
The REAL failure here was the court appointed trustee who didn’t comply with creditors and shareholders wishes. Chapter 11 turned into chapter 7 because he wanted an easy liquidation instead of the restructuring that would have required him to learn how these Warrants worked.
The way these warrants are structured is a genius move by NewChips CEO Andrew Ryan. Haters can say what they want about him, but he goes the extra miles for his shareholders.
The REAL failure here was the court appointed trustee who didn’t comply with creditors and shareholders wishes.
Chapter 11 turned into chapter 7 because he wanted an easy liquidation instead of the restructuring that would have required him to learn how these Warrants worked.