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So the company was essentially signed away even before the bankruptcy.

Yup. The bankruptcy just transferred the right to exploit it from the mildly incompetent to expertly ruthless.

I prefer the term scam artist over "expertly ruthless"

I don't think the final buyers are scam artists. They're mercenary, but not deceiving anyone.

The scam artists are definitely the people preying on entrepreneurs' dreams to sell a worthless accelerator membership.

Yeah this is a pretty bad and far far far from founder friendly.