My contention is that the stock rose because the muppets saw the PR about the DIP financing and think that the common shares are now 'saved', without realizing that the DIP financing has super priority and puts them further away from any recovery.
What is your explanation for the rise in price?
I have the following questions to ask you:
1: Why do you believe the stock price rose in the past two trading sessions?
2: Do you think the common shares will survive the bankruptcty? If yes, why and how do you think that will happen?
3: I have posted about the bankruptcy process and the priority of classes in my prior posts on ACIIQ, do you agree or disagree with the presentation and why?
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.