I didn't expect my question to be so prescient... which means either they read the post, though it was a beaut idea, and somehow got signoff from finance, hr, legal (+ outside counsel? and the board?) in less than 12-24 hours; or they've had it in the works for a while...
if it's the former then I would expect the due diligence to be pretty rushed! How solid can it be when the weather is this good and the kids are at home? A Pui O cowpat is probably just as valuable. If it's the latter, then I'd be looking at what they were saying or not saying at least a month ago.
I wouldn't be surprised if the goal is to get everyone on to individually negotiated contracts that get people to rely on statutory protections. There's no need for common COS if there's no ties to bind people together.