Thursday, January 17, 2019 5:30:42 PM
Here's an update:
That CEO, the other executives, and the board of directors all resigned, the assets have been liquidated, and there's nothing left but a shell with $60M of debt. All that old information is either no longer valid or insignificant.
PWC has stated directly that shareholders are not "safe," and, in fact, will get no recovery once the bankruptcy proceedings are complete. They made it very clear when addressing the lawyer for the group of shareholders who chose to waste their money and ask about it, and no amount of piecing together old information, connecting dots that aren't in the same book (much less on the same page) can overcome their direct statement:
That CEO, the other executives, and the board of directors all resigned, the assets have been liquidated, and there's nothing left but a shell with $60M of debt. All that old information is either no longer valid or insignificant.
PWC has stated directly that shareholders are not "safe," and, in fact, will get no recovery once the bankruptcy proceedings are complete. They made it very clear when addressing the lawyer for the group of shareholders who chose to waste their money and ask about it, and no amount of piecing together old information, connecting dots that aren't in the same book (much less on the same page) can overcome their direct statement:
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