Petrone Worldwide Inc. (fka PFWIQ)

[horst]

Different bad news, because now it's confirmed that the extension he asked for did NOT enable Lazar to make any progress. Your argument is like saying that a bad 2nd Quarter disclosure isn't relevant since a company already filed one in Q1. It makes no sense. When the last extension for an opportunity to salvage this dumpster fire of debt has failed, that's newsworthy. When there's a court document that follows up on the doc from July 1, that's new as well. The July 1 filing looked awful but left a very little tiny sliver of possible hope that the noteholders would reach a deal, and the Aug. 18th filing extinguishes any dreams of a last minute hail mary. Lazar in this filing is confirming that he has made zero progress in negotiating the debt and that rehabilitation is not possible.

But by all means, if you love this stock, you should continue to buy it - there will be billions of shares coming your way if you bid sit, so no need to slap the ask.