wtf_man wrote on Aug 19, 2012, 12:29: It's real simple... they were up to their necks in debt... they did what they had to do to save the company, by forming another one. Most of the employees will be hired back.
Yeah that is a real crap deal and to note all those hire backs, all lost their stock options in the last company and are not being honored in the new one. It's a crappy tactic. Someone is out cash because of this tactic.