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Porgie Tirebiter

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Porgie Tirebiter

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Re: SPORTSPROPHET post# 31603

Thursday, 01/10/2019 1:56:07 PM

Thursday, January 10, 2019 1:56:07 PM

Post# of 37856
It looks like there is a trade there, but it's way, way to scary for me.

In simple terms, debt outweighs assets.

So even if the company survives and re-organizes, the most likely outcome is cancellation of current common equity and new equity issued to the debtholders.

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