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A comment on Bolt announces layoffs. Parent comment

Re:Bolt announces layoffs by stu2b50 on Wednesday May 25, 2022 @06:03PM (#31511256)
According to Ryan Brewslow,

> There IS risk to the employee; they now have a real loan outstanding and 100% personal recourse, so if the common stock becomes less than exercise price, their personal assets are on the hook

So I suppose the bank will be after your personal assets?

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Re:Bolt announces layoffs by onlyrealcuzzo on Wednesday May 25, 2022 @07:14PM (#31512089)
It's usually quite rare for startups to offer good equity.

HOPEFULLY this loan isn't a lot more than OP's salary. And theoretically, they can be sold for a decent percentage of the principal.

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Re:Bolt announces layoffs by ta988 on Wednesday May 25, 2022 @10:57PM (#31513863)
Ain't gonna happen they will be worthless.
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Re:Bolt announces layoffs by onlyrealcuzzo on Thursday May 26, 2022 @06:39AM (#31516762)
They shouldn't be worthless yet. And OP should be able to sell them.
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