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420man

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420man

Re: Pushmonkey post# 295

Wednesday, 08/19/2020 5:33:10 PM

Wednesday, August 19, 2020 5:33:10 PM

Post# of 329
BK news was released today. Info is above.

There's a huge short position, but I'd say most won't cover----> The company's plan swaps its revolving loan and unsecured bonds into equity in a reorganized company. Existing shares will be wiped out and shareholders could receive warrants for future equity. The company will pay trade claims in full in cash, Valaris said.

The stock market is an predator / prey scenario where the Companies and their lenders are the predators and retail IS the prey. Play wisely!


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