Ok, just trying to play devils advocate here. I already have a position here from .21 and also .37 but am seriously considering quadrupling it.
Suppose the 10q comes out and there is no negative, OS is actually 20 mil and they have reduced the liabilities and increased the assets at least a little bit to show forward movement in the right direction. Then the share price should by all accounts be back to $20 where it was determined during the BK it was value at. But what is to say the ticker just doesn’t get the attention and folks are not willing to pay $20 a share even though that is what the valuation puts it at??? I mean it is only worth what someone will pay even if the fins say something different.
Then you have a worst case scenario where the fins come out and somehow they are moving backwards again and not looking like it will survive as a company, I guess that is the gamble here. I don’t believe that will be the case by any means but just stating the worst case scenario.
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