I have seen examples where a company goes completely bust, the administrators move in & all the intellectual property is sold off for like 2 cents in the $Dollar to another entity, and then this entity runs off with the intellectual property and continues the plan/business.
And surprise surprise - the same people who were on the old board, end up on the board of the new entity.
It all stinks........
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Ann: Initial Information for Shareholders, page-14
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