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S&P 500
5,018.39
(
-0.34%
)
US TECH 100
16,899.60
(
-0.49%
)
Dow Jones
37,903.29
(
0.23%
)
Brent Oil
83.51
(
-2.78%
)
Bitcoin
57,907.58
(
-4.44%
)
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firebird1988

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firebird1988

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Thursday, 07/30/2015 9:55:38 PM

Thursday, July 30, 2015 9:55:38 PM

Post# of 677
it will be falling into chapter 7. oil slipping under 50 a barrel. dept is piling up. if oil prices somehow jump back to 80ishs a barre they can make it thru this....... 70ish they are just breaking even....... it done.... even if they somehow get out of chapter 11 all stock holders will lose all shares in reorganization. happens all the time. heres a video to help out https://www.khanacademy.org/economics-finance-domain/core-finance/stock-and-bonds/corp-bankruptcy-tutorial/v/chapter-11-bankruptcy-restructuring. so if they go into chapter 7 game over. if they go with reorganization game over. your just gambling away your money
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