I would think tomorrow premarket.. IMO It would be chaotic if they tried to open trading today aftermarket. But who knows?
My first thought it would significantly slow down the cash burn & give the company a chance to reorganize & restructure this massive debt.
If you're a creditor of PTX, better to get 50 cents on the dollar in restructuring the debt than forcing the company to pay off your debt, & in reality driving PTX to BK & as a creditor you get zero.
I'm hoping my hunch is wrong but over 2 million shares traded on a double digit down day spells bad news to me.May also explain why their guy resigned days ago. JMHO
Doesn't feel like tomorrow's presentation will be uplifting!!