Basically you are an idiot. Thanks for trying out.
Incredible ignorance of your own situation.
But really who cares US govie paying 30% of your ignorance... Whooooos u
This may liquidate. At this price deck, not sure who wants to feed the beast. Chapter 11 liquidation is better than a Chapter 7, so we will see soon what the creditors decide.
and still hits new lows..would be a dime already without the small short covering..
Cause its so small to be meaningful, besides what your looking at is 3 months old and who knows if they haven't blown out of it already...talk about grasping at straws..Lomabrd...at .37c if you haven't figured out the stock is worthless already not sure what else will do it but a neon light on a major highway.....Beeen worthless for a year..
Covered already Thanks for your concern. Was an easy short at $5, never short a .42c stock. As I have said to others who think there could be a squeeze the answer is NO,, why cause every Pro has boxed this at this point and will either sell the long on the chapter 11 plan or simply leave it boxed and take the gain at year end. Yeah I know you think there's 10-12 million short shares...not the case.
BPY,, that's the point cash flow is severly negative. Why burn away all liquidity and assets, when you can hold everything, file it, delever almost completely and ride out the next how many years. We they have no idea how long this will take, if they burn away assets and all cash it simply liquidates. I know you want them to keep optionality alive for you, but they now have responsibility to the creditors not the shareholders do to insolvency. You want to spec on this buy the bonds, at least no matter what happens you will own a piece of the new company. You can't go to zero at least right away with the debt and if they make it and it continues to pay, well its a giant monster homerun in the bonds. Once again not suggesting you sell a 40c stock too late. But adding to this makes no sense outside the bonds
BPY,, there's no cash flow creditors will take the assets..its over dude,,game is over..
As some have already stated terry will get equity in a deleveraged company, so he doesn't care, actually he's more than Happy to file it and get stock at 4x ebitda. The bottom line though is this can not make it with this debt at this commodity price. period end of story
Tah, its just a computer app, Brad et al aren't real, so they just repeat. This will go on through the bankruptcy they will be saying there's value to the common, its on auto.
Correct, stalking horses are being lined up. Then the auction under 363. That's my read.
DD, Its people who are now in deep trouble with their wives. Honey, we are gonna put the kids through College on this one. Famous last words.
DD, there's about 4 people who have a clue on this Board, anyone who can read a balance sheet knows that Stockholder equity is Now NEGATIVE. Since it was 50c at the end of last quarter and with a basic understanding of cash flow, one can easily see why 3 months later we are below ZERO.
You may not see any change, what I'm saying is people have boxed their shorts, so they are up and down, sideways, long short whatever term you want to use...They will close out the positions this year for tax purposes or if it files..sell the long and ride the common to zero,, but right now they don't want any risk so they have the stock boxed..