It seems that there are BUYERS for millions of shares at 2.16 or better. This company I always feared was wiorthless yet if hedege funds are buying this stock in the millions it is not going to be worthless. I assume they have to lower the 2.25 conversion to 2.00 0r maybe 2.15 but once they become a company with a business, the stock will go up to probably 3.00 but at least 2.50 so we just need them to make the deal for better or worse.
If KKR does not make at least a lousy deal they will have to close their shop as no one will do business with them again. A deal will soon be made and the stock will be worth more than the 2.34 ir closed today
I worriet iof business but this deal took in over $1.00 a share cash asfter the weak hand leave the stock in my humble opionion will be over $1.00 as we no longer have to worry that they will go out of business. They might sell out for $3.00 as now they have time to negociate a good deal. The opressure is off. The wolf has left the door