The stock will be declared worthless when the bankruptcy comes. We will get nothing when this bloated pig with unservicable debt goes under. I'll bet management comes out smelling like roses instead of the stinking lowlife criminals they really are.I'll have my puts so will be ok. I suggest others consider buying puts.
Your posts are a classic signal of a short becoming very nervous,,,,a classic buy signal. Not smart trying to short is stock at these levels IMO. If I were short this stock right now, I would be looking to cover very soon. Fwiw
I'm not nervous at all. Just read the charts, Look at the symetrical triangle pattern in copper prices, consider the extremely poor management decisions, detach the stupid emotions, and place the trade most likely to be a winner. I believe the trade is to go short all the way into the bankruptcy. Crossed fingers and hope for the stock to rally is NOT a recommended trading strategy as far as I know. Yes I'm definitely short but do have a 1000 share long position covered by 2X shorts with long puts