Seems slobbering gambling addicts need their regular dose of excitement. CHK is on the NYSE and needed to maintain exchange compliance and to stave off other defaults. SHLDQ is pink and in BK. No need to raise the price.
Reverse splits are costly. Probably $200,000+++ for legal, filing and adm costs. That amount could go to long suffering creditors, employees... or more likely their lawyers/accountants.
Wrap this joke up. Taken way too long. Courts will soon be overrun by BK retailers.
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Because the Good Life is Just a Pump or Two Away