The Debtwire stuff is old hat. The bankruptcy nonsense was picked up by another outlet, erroneously, and then, of course, spread like wildfire.
The situation hasn't change here. They have plenty of liquidity for Magnacca to effect a turnaround. Any bankruptcy would be at least 2-3 years off, imho.
with 25 m shares traded yesterday, i would say we are at "risk" of a MASSIVE short squeeze today, or over the coming days. (Everyone who has wanted to get out has already panicked out yesterday...leaving only buyers now...predominantly.)