What are the chances that the judge flat out denies BK? It seems like that with this companies prior BK history that this could be a possibility. Any guesses on the timeline of this BK process??? If this starts to show some weekly volatility money could be made with some quick flips. 5% a week is fine by me.
zero - the company will have to undergo chapter 11 proceedings to lower their unsustainable debt load - if they don't want to end up in chapter 7 they should better offer a viable plan for the company to go forward as a going concern by the time the deadline arrives.