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louisdesyjr 1 post  |  Last Activity: Jan 22, 2016 8:00 PM Member since: Oct 14, 1999
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    Why is this rising, its BK

    by handmadeclothes2004 Jan 21, 2016 3:41 PM
    louisdesyjr louisdesyjr Jan 22, 2016 8:00 PM Flag

    The company filed a 8K report detailing the DIP financing. While you seem to know and understand that the DIP financing will not help the common shares at all, many people think there is now a chance that this financing will 'save' the existing common shares. It happens a lot in bankruptcies that the stock spikes up as soon as the DIP financing is announced.

    Louis J. Desy Jr.

    Sentiment: Strong Sell

NYT
12.41+0.16(+1.31%)Feb 12 4:00 PMEST