YRC had to do this. There was NO OTHER WAY. The bondholders caved....very reluctantly. How low this dilution will take it is anyone's guess. I think it will settle next week at close to a quarter. The seas are rough, and not for the queasy. Hey, if you want a SURE THING, what are you doing here?
Listen mate, the shorts aren't covering...cause she has some falling to do , due to the massive dilution. You should research a stock so you won't be so confused by it's activity! Feb 17th or close to it will be bottoms up. Then she set's sail for paradise,, or a buck fifty.