What you are saying does not make sense. Who cares if the book equity is negative? They already have a deal, it was approved by the court, common gets 4% plus 30% of warrants. Anyone can do the math on what that means for MC and EV. This has nothing to do with retail traders.
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.