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Re: Hikerbc post# 89078

Wednesday, 02/02/2022 5:14:40 AM

Wednesday, February 02, 2022 5:14:40 AM

Post# of 141450
They wanted to issue more shares back when this pig was still super bloated in order to take a nice chunk out of that debt so they’d be in a position to try to restructure the debt. The shareholders voted NO. They did this to themselves. In the absence of that cash infusion, there are no other routes to restructure besides BK. The interest will continue to drag the company down, quarterly losses will continue. The “apes”, who once pretended to care about the company, voted not to allow the company to try to tackle the debt because it would result in a lower PPS. Now they get a lower PPS AND the massive anchor that is the debt. LOLOLOLOL
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