Options expiration is 10/21, next Friday not this week. Always 3rd Friday of the month
Somehow shorting at $4 doesn't strike me as a winning propostion. It held that price for the last tword months so it doesn't appear that there is much downside from here.
He has a 125m note convertible into stock at 3.84 a share.
Why would he get the company in bankruptcy, all he has is common stock which disappears in a bankruptcy. Company would go to creditors and bond holders if any.
Welcome to America Land Of The Free and the Home Of The Litigious. Seriously how many ambulance chasing firms are there anyway, must be over 12 that are trolling for shareholders to join the lswsuit.