Addax Petroleum (fka AXC)

[nordicroots]

I suspect that a lot of folks have pondered these same thoughts to some extent as well. With regard to the notion of filing for BK, it occurs to me that while there may be a desire for certain parties to keep this whole enterprise going for at least a while longer, it could just be as simple as not having enough money to pay a law firm the monies it would take to get them through the process. And absent any sort of PRs or filings to indicate that there is any sort of a heartbeat from the Company it sure makes shareholders and others wonder!

As for observations/speculations regarding those shorting the stock, here is something to think about that looks at the other side of the coin (i.e., the notion that shorts HAVE to cover at some point[spoiler alert here - they don't]):

https://finance.zacks.com/happen-short-stocks-bankruptcy-8444.html