Yet ANOTHER missed deadline, and the longs keep talking about emergence from bankruptcy, plans of record, stock price appreciation, etc. Forget about it! Shares will settle at $0.00. Best-case scenario is that AP ends up in jail.
Weeks ago, I speculated the sale of two businesses (Document Imaging is one) will reap nowhere near the sought-after amounts. Again, creditors will be forced to eat it, lest they send Humpty Dumpty crashing down. Regardless, going to zero.
--- EK will always be here and the commons going to $10
First no matter what happens the stock goes to zero. There is money to be made in issuing new stock and dumping the liabilities of the old stock. That's a done deal and the last thing that's done coming out of BK.!
Second untill the cash burn stops and EK makes a profit they are done and to this point that hasn't happen and doesn't look like anything in the pipeline will change that.