Bankruptcy Q Players

[the cork]

Interesting. The longer they don't address the issue of existing equity the worse it usually goes.

Do they even have an equity committee? That's an important first step.

With no equity committee, they are free to run rampant over the rights of any existing equity.

Management isn't going to stick up for equity, as they will be too busy guaranteeing their own futures within the new entity. Management will be kissing a lot of ass.

Anybody that doesn't play ball gets shafted. Never a better time to get rid of anybody not seen as a team player and they know it.