Bloomberg report just hit wire... nothing warranting 50% drop IMO
sure - restructuring means chapter 11 - always
They specialize in debt and cross-border insolvencies.
Not a good sign at all.
No, not always, but that is certainly a risk with large debt payments coming up in September and now paying Lazard big money fees to further deplete the cash they do have on hand.
There is still time to find a new lender or buy-out/merger, but with the previous discussions apparently going no where, there is more risk (and thus reward potential) in the stock.
I'm not sure about that...but I got out as well. To risky