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trader59

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Re: Just brooke post# 2256

Sunday, 02/07/2021 6:27:29 PM

Sunday, February 07, 2021 6:27:29 PM

Post# of 2347
They filed a chapter 11 bankruptcy because they want to stay in business after reorganizing their business and finances to address loans they could not pay. It is typical for that to result in the common stock of a company being cancelled, or at the very least being severely devalued, as the "new money" financing will want a significant equity ownership stake in the company.

And it is true, it's right there in the company's plan available on PACER or Pacermonitor.

I swear I’ll never use the phrase “you can’t make this stuff up” ever again after being on the OTC. Apparently you can.

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