If it turns out that they don't file BK and the common shares regain some value I owe GE an apology. I understand about the dirtbag Saudis dumping cheap oil to drive the small American E & P's out of business. If MHR goes BK that is not the reason. The pipeline and land sales could and should have been done in a timely matter. These issues were talked about by GE almost a year ago. I think GE completely mismanaged the asset sales and also miscalculated the financial condition/predicament of the company. I just have a feeling that GE's ego & lifestyle might have compromised his ethics regarding how he ran the company. If he used the ATM sales of stock to fund his personal expenses he should go to jail and hopefully for a long time!
Makes sense to me. With SD removing the 40 million penalty from the Century plant & this 100 million repurchase & the 1/2 a billion they did a couple of months ago you can take the BK off of the table.