This is entirely possible, however I would bring the timeline forward to 05/15/5019 when the 2022 Bond is due.
This is less likely, because shareholders are entitled to net assets post-bankruptcy. Those are significant.
In general I expect $BRS to trade lower until either the 2022 bond is paid, or not (voluntary bankruptcy 8-K expected at that point).
The SEC is already investigating $BRS, and several Senators have been contacted. Its not the same game as with $PHIIQ
They will file chapter 11 by end of the month.
This is less likely, because shareholders are entitled to net assets post-bankruptcy. Those are significant.
Get bought out in 360 rule of Banktrupcy.
In general I expect $BRS to trade lower until either the 2022 bond is paid, or not (voluntary bankruptcy 8-K expected at that point).
The SEC is already investigating $BRS, and several Senators have been contacted. Its not the same game as with $PHIIQ
The paradox of iHub: buy high, sell low
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