...for continuing to hold on to their positions? What chance do they have of recovering anything? My guess is they are on the bottom of the priority stack.
Does anyone have memories of anyone coming out of BK and still holding stock worth something more than toilet paper? I remember Continetal Airlines going into BK and coming out but the stock became worthless.
Probably! Nobody made anything on PCG, so they rather wait and hope.
Q1 results will be announced in early May. You will see more write off. Book value this time will decrease to around 4. This stock is always is traded around book value and might drop after Q1 results. Buy long term PUTs on strength and wait it out. PCG will go to zero within one year. It will be bumpy, but we will get there.