Its already selling at BK prices...and they have very little real debt.
The only debt they have is the Karlsson debt. That is pledged against the property. If they dont pay Karlsson they dont get the land they dont already own. The $stupid $10 million they will owe Apollo is the only debt against the company..and lawyers could throw that out. The stock price is already valuing the company at zero. $9 million valuation is less than a third of what they paid for the land they own alone. IThe stock is not oung to zero even if they stop operations..there is some value.