GulfMark Offshore Inc. NEW (fka GLFMQ) (GLF)

[Value_Investor]

GLF hit the New 52-week low $1.375 today though the Real Bottom is $1.40 since only 6,400 shares manipulated at $1.375 and 10,000 shares sold at $1.399 (all the rest shares bought at $1.6 ~ $1.4 today)! The most recent high was $1.90 and the previous Bottom was $1.45. So the coming bounce might hit $1.90 again...

The Cash Value is mere $0.397 per share and the company has total $461.914M Debt! I'm wondering will GLF be forced to file the bankruptcy in the near future since the Cash on hand is so low?