J.G. Wentworth Company (fka JGWEQ)

[Dr_Q]

PLEASE READ !!!!!!

JG WENTWORTH - not no ordinary company you're talking about legit company that posted 101 mill in revs Q2
16 mill o/s
OTC QX

Chapter 11 - bankruptcy protection - they are not filing for bankruptcy which is chapter 7 - they are filing for bankruptcy protection which will allow them to negotiate new terms with their lenders meaning they will still pay the debt but just get rid of all the interest they own

Now because they secured 70 mill in financing this will protect the company from going bankrupt

Similar thing happen to JGWE in 2009 when they filed for chapter 11 however were saved via financing and when they went public in 2013 - at one point they were trading at $19 dollars

Similar situation here - chapter 11 to reduce debt significantly - business operates normally with company unaffected and revs still coming in + financing deal

Way oversold because folks didn't understand what was going on causing panic selling and huge short position. They reported in previous press releases they are producing revenues at record highs. This is new management cleaning out debt to take this company back over a dollar/share.

I'm pretty confident Q3 will tell the story and show company is strong in revenues and maybe thats why they announced the bk prior to posting revs knowing Q3 will bring that expected drop in share price right back up. Tomorrow we find out. GL

BOOM