Originally Posted by
baseball
Sorry to go off course....Yes, the B word was mentioned, but done so discretely and via non-official channels. They didn't want to scare the investors or the board too much. Those in the target audience who needed to be scared or intimated to vote YES were indeed scared and intimated.
It wasn’t about scaring investors, it was about doing something that would have been illegal. They knew, full well, there was not a legitimate bankruptcy threat and to say otherwise about a publicly traded company would have been against the law.