"The Company expects that its equity holders will experience a complete loss on their investment, depending on the outcome of the Chapter 11 process."
No question, the common stock is worthless. It will be wiped out in the bankruptcy, and anyone holding Briggs common shares will lose 100% of their investment.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.