|
|
|
|
|
|
by 6cxs2hd6
4576 days ago
|
|
|
IIUC a convertible note better for the investor in less-good outcomes because it's a note -- it's debt, not equity. In a bankruptcy equity holders are S.O.L. Creditors get to divvy up whatever is left. Which may not be much, but it's > 0 and they have a voice at the table. |
|
|