One word for those who think equity “could, should, may, might, will” survive or be diluted:BONDS
THE BONDS ARE DOWN OVER 50% today alone. With the current asset to debt liability ratio, there’s little chance equity comes out with anything let alone cut into a dilutive deal on restructure. If debt holders aren’t made whole, then how will equity ever be cut in? Nothing but a Penny flippers pump n dump run up. When SHLDQ hits the pinks on 24 October, the equity will be half of today’s price. Sorry to rain on anyone’s day but these are facts.
