I' ve done my personal DD and the fair value for the new FTSI, the restructured one, is around 8 $. The Ceo has restructured the debts due to in 2022, yes 2022, with the involvement of suppliers so the stakeholders is more stable and will continue to run the company.
This is not really a bankruptcy but a good reorganization.
FTSI and shareholders will survive stronger than ever.
As of June the 30th we have "Cash and Cash Equivalents" for
192,500 $$$$$. Not bad.
IMHO.
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