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zj3001

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zj3001

Re: MJAM2020 post# 395

Friday, 02/21/2020 9:28:56 AM

Friday, February 21, 2020 9:28:56 AM

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The cash was really low as is in we were trading last week a the cash settlement was all that was happening.

I don’t know if it’s a formality with Texas Bk, but that state alway helps oil companies and very business friendly(lots of laws to protect business there).

Maybe it was to clear the books. Maybe they can’t legally do a reverse spilt in BK.

But it does appear to be a company wants to go private to me. Said so in BK. It was smart of them to leverage Texas state law to wipe out billions in debt before going private.


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