Realizing that Argonaut-Madrone would rather liquidate than throw good money after bad, Energy eventually gave in.
WSJ: Review & Outlook: The Solyndra Memorial Tax Break
Argonaut and Madrone could walk away in part because they had so little skin in the game.
But under the Energy term sheet, those warrants would then bounce back to the Argonaut-Madrone holding company if Solyndra became defunct.
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