LOL!!!!
$4.16 per share would mean that this company held a value of $540M while carrying only $100M of debt and other obligations. Tell me why a company in that financial condition would file for bankruptcy and, especially, tell me why the secured creditors would allow it to happen. The 2 federal judges would laugh them out of court.
$4.16 per share is almost 30X’s the price that this company was delisted from the NYSE and TSX at. Tell me why bankruptcy causes such a huge increase in the value of a company.
Tell me why nobody bid in the SISP to purchase this company if it had such a high value.
Tell me why selling off everything of value in a liquidation increases a company value by over 30X’s.
All that hogwash is purely a fairy tale told by the Twitter DD Fabrication team to flip the stock and nothing more.
I swear I’ll never use the phrase “you can’t make this stuff up” ever again after being on the OTC. Apparently you can.
