Something about a transaction in 2001 that created a new corporation and "extinguished all equity interests in the predecessor companies."

I'm sure it's entirely legal and so forth. Let me tell you about the time I turned $10,000 into 17 shares of Oracle . . .

I still don't get it.

So it's not that you lost $1000 of SuccessFactors shares, right? It's something you had invested in some other company which was bought by SuccessFactors later, and during this conversion period existing shares were restructured, or something along with these lines.

Well, something like that -- I wrote a check for SuccessFactors shares. I have a letter to this effect in my files.

Later, some mumbo-jumbo happened that "extinguished" the value of these shares. I'm guessing this was some kind of IP transfer, whereupon the "old SuccessFactors" went out of business, and the "new SuccessFactors" -- different company, same name -- arose.

Given how "old SuccessFactors" was being run, it doesn't surprise me.

Maybe a cramdown after recapitalization?