Doesn't bankruptcy negate existing contracts unless agreed upon by all parties. E.G I can't file bankruptcy and maintain contracts and agreements I want to AND turn around and ignore ones I don't I am sure any competent management would have looked at this and made arrangements months ago.
Not selling this company as old investors with $70 warrants would block and send it back to bankruptcy court as pretext company used was old shareholders would be compensated due to value of warrants to buy at $70, Delusions of grandeur for an inept management! Hence not a clean deal so no one will pay anything decent for company.
Going to go down so don't be a fool like I was and trust this management which enriches themselves at the expense of shareholders