I'm observing as "Morons Throwing Money" (as the WSJ called them) arrive on cue, triggered by the promise of $500 million in Debtor In Possession loans upon BK filing. Such loans are no big deal because DIP funding is usually easily obtainable. In BK liquidation, its repayment is high priority, and certainly ranking above shareholders.
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Because the Good Life is Just a Pump or Two Away
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