Thursday, December 31, 2015 12:31:43 AM
Hay, I've no doubt you're prolly right. There are peeps still buying common shares in defunct companies that haven't had any operations for years (or in fact, EVER).
KBIO is going to be converted to Chap 7 liquidation in the BK. If by any bizarre stretch of the imagination they cook up some wild reorg plan to sell to the creditors and BK judge, and those folks agree to that wild reorg plan, it will certainly be one that totally or effectively wipes ~OUTT the existing common stockholders.
Butt sumbuddies will no doubt buy this turd when grey market trading commences. There are always people who think "hey, it's down 99 percent, it can't go any lower, right?" and then they learn that yes it can and that last percent evaporates pretty quickly.
David Moradi warms his hovel by 'investing' in a fire
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