$FTT Reorganization or restructuring.

The first step of restructuring is to declare bankruptcy and insolvency.

The first step of restructuring does not require bankruptcy, and can be initiated by the company controller.

Referring to A-shares, listed companies need to go to court to apply for bankruptcy before restructuring. Creditors and debtors are eligible to request the company to go bankrupt. At the same time, they can request the company to reorganize.

In most cases, restructuring will be initiated before bankruptcy.

The scope of restructuring is wider. Companies can reorganize across industries at any time. Reorganization is also a form of restructuring.

From the current valuation of FTT, there is one price after debt repayment. There is another price for insolvency. At present, it is highly likely that the debt will be repaid and restarted. This will result in a higher valuation.

If the assets are insolvent, it is likely that new tokens will be issued for debt repayment. Debt repayment is almost the same, just restart directly. Therefore, restructuring after debt repayment is the most cost-effective.