I remember I was involved in a Chap 11 Sock called NextCard who initially was Chap 11 then changed to Chap 7. It was a Internet Bank with huge Assets plus some interesting IP. I followed the process via Pacer. At the end shareholders got nothing!
I decided to never get involved in a BQ stock. Most Very valuable assets are sold off at 5%-10% of its real value and the span time could take years.
IMO, Sirg management could have sold the mine long before getting into BK, at least I was wishing about it.
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