Avantages
In my opinion, CEO Will Freiberg failed both employees and shareholders. The final insult was being asked to sign a consent approving a merger after learning that our equity would receive no merger consideration, while the transaction documents disclosed a multi-million-dollar management incentive pool for certain executives.
It felt like the ultimate rug pull. The employees deserved better.
Inconvénients
There is no company anymore, and equity holders - employees who built the company - lost it all. Very sad.