Westmoreland Coal Company (fka WLBAQ)

[WallEye87]

From recent news, it seems WLB received loan covenant waivers from their creditors regarding going concern assumptions in the 2017 YE FS & any related cross defaults. This gives hope that these same creditors may consider troubled debt restructures & not force WLB to seek BK protection. With over 45% of the stock being held by institutional investors and reported short interest above 10% of the float, if the Street becomes uncertain about the BK filing, this could POP. But if they Chapter, it's bail out before $0 time. There have been recent large block acquisitions and disposals. Who knows? High risk for possible high reward.
My opinion only...