Unfortunately there are no assurances in bankruptcy proceedings.
I don't have a lot of experience with bankruptcies, but from what I've seen, it seems somewhat unusual not to have filed a POR with the court almost 1 year after filing for bankruptcy. Even Sears with a much more complex bankruptcy case filed their POR 6 months after their case was initiated.
Have no idea why Dest. Mat. is taking so long to file their POR. My impression is that DM is waiting until most, if not all, of their outstanding issues are settled with creditors and other claimants. On the other hand, Sears filed their POR before hardly any of their issues had been settled.
The current deadline for filing their POR is 11/16/20. One can only hope that DESTQ files by this date and does not seek another delay. Just have to wait and see what happens. I still regard the odds of DESTQ shares surviving as better than 50-50. But I really don't know how much better.
One thing for sure, I'm not pulling out now, especially after holding DESTQ shares as long as I have. In fact, I may even add a few shares as the next deadline approaches. We'll see.
