Banks are setting up loan loss reserve on the secured debts. Unsecured junior debt will cover XXXX? Stakeholder are reducing or shorting to zero to cover their loss.
No money and no cash flow. That is the fact. I am looking at $5 the best
The debt is in very stressful. If no buyer, BK very likely?
Book value will be negative this quarter with another $100 million loss or more.
under a dollar.Where is cramer???
What a shame
What if MHR only get half. How MHR pay the $900 million debt??? Did it get the pipeline sale agreement???