It is not a good sign. I assume AMZG wants or needs more time due to trying to renegotiate the terms of the bonds. Hopefully, the worst that will happen is a little dilution and oil prices start to rise. The only problem with that is that the media keeps running reports that oil storage space is starting to run out.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.