The muppets are piling into SDOC
This is the first time I have ever seen it be a 'positive event' when the company can't pay the interest on its bonds, but thats how muppets think. If SDOC can't pay the interest on the bonds, that are higher in priority, what makes them think that common shares are ever going to get anything?
I hadn't expected the main body of muppets to show up until a DIP financing got announced after the BK filing.
The options are not trading at all, and unfortunately, there are no muppets over there selling put options for cheap. All of the ask prices are almost priced for the stock to be zero or even lower, meaning they refuse to write put options.
Louis J. Desy Jr.
Disclosure: I may buy some put options if someone would sell them.
