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Post# of 153697
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trader59

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Re: Longstrongsilver post# 102386

Monday, 04/27/2020 12:36:18 PM

Monday, April 27, 2020 12:36:18 PM

Post# of 153697
Filing for bankruptcy, any chapter, gives the debtor protection from its creditors. It's for companies having difficulty paying their debts, and a company with a value of $540M and a debt (with liabilities) of $100M has a lot of options, $440M of net equity to draw against by getting a loan against it or even by selling stock. There is no universe that a bankruptcy court would accept a bankruptcy filing for a company with that net value as it is in no financial distress. That is truly ridiculous to even suggest.

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.

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