Mallinckrodt Plc (MNKT)

[12yearplan]

Bit of a sordid tale;

The bankruptcy process allows companies to shed debt and other liabilities and stay in business.
https://www.cnn.com/2020/10/12/investing/mallinckrodt-bankruptcy/index.html

The Buxton Helmsley Group Announces Sufficient Shareholder Backing to Call Mallinckrodt Meeting of Shareholders, Begin Realigning Board and Management with Shareholder Interests, Renegotiate Restructuring Plan

1 out of 12 Mallinckrodt Directors did not meet the requirement to retain ownership of five times their annual cash retainer in common stock as of the petition date, and far, far before that.
https://finance.yahoo.com/news/buxton-helmsley-group-announces-sufficient-200200706.html

Opioid crisis, hiding money offshore, screw retail, societal push back on elite deviance, plot thicken$, lolz..

Gamestop: 'Failing' firm soars in value as amateurs buy stock:

"Among the many aspects of this story that are strange, what is so unusual is the peculiar vigilante morality of the traders pumping the stock. They seem hell-bent on taking on Wall Street, they seem to hate hedge funds and threads are peppered with insults about 'boomer' money.

"It's a generational fight, redistributive and all about robbing the rich to give to the millennial 'poor'."
https://www.bbc.com/news/business-55817918

Experts say the United States is in the throes of an opioid epidemic. An estimated 10.1 million Americans aged 12 and older misused opioids in 2019, including 9.7 million prescription pain reliever abusers and 745,000 heroin users.
https://www.cnn.com/2017/09/18/health/opioid-crisis-fast-facts/index.html