[fierarul]

Not sure what the angle should be here. The founders didn't manage to raise the company; it was soon to be bankrupt. Of course the founders would be wiped out.

Still, they have $300,000 worth of shares and "the buyer has agreed to pay US$10-million to key employees and consultants including Mr. Gagne and Dr. Bengio as part of a retention plan".

Business doesn't always work out. Getting a cool $1M after trying and failing is not the worst thing that could happen.

[908B64B197]

The company's value is in it's employees.

They have a world class expertise.

[fierarul]

That's not the market way of looking at it. How will a bankrupt company retain their world class employees? They are one missing pay-check and counteroffer away from moving elsewhere.

[908B64B197]

That's what I was saying.

The value of Element AI was that by buying it you get all the employees. Had they waited for the company to go bankrupt they would be competing with everyone else trying to buy the IP and the key employees.

[fierarul]

This I agree with. The only value remaining in the company are its employees, not revenue streams, not products, just employees and potential.