>this was just a way to pay employees with their loan
This feels like a more complex, insidious version of company scrip. At the end of the day, you’re getting paid in fake company money that’s worthless if they go belly up.
This feels like a more complex, insidious version of company scrip. At the end of the day, you’re getting paid in fake company money that’s worthless if they go belly up.
The whole point is you're in debt (against worthless equity). It's negative worth!