Other notables were Enron, Worldcom to just name a few. This does not appear to be fraud or liquidity, just stupidity. But be advised, weak profit outlook could eventually send it under $10.
This weekend will be great to pre-announce -- something decent even mediocre even slight loss will calm the markets.
But knowing this incompetent, unprofessional and unsophisticated management - they will probably just sit back, keep quiet and let WLT go sub 10.