It's absolutely an LBO. The leverage is maximizing debt to equity. That debt is then transferred to the new entity.
It's how they destroy companies while making billions in private profit. They over leverage them. Accrue debts. Sell of equity. Wash, rinse, repeat until bankrupt.
Ryan is committed to not taking a salary, unless this changes the only way he stands to gain is by doing the opposite of this and undressing the share price long term.
It's how they destroy companies while making billions in private profit. They over leverage them. Accrue debts. Sell of equity. Wash, rinse, repeat until bankrupt.