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1manband

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1manband

Re: dazetrader post# 496

Thursday, 07/20/2023 7:48:55 PM

Thursday, July 20, 2023 7:48:55 PM

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The bankruptcy is dragging because Endo is trying to cut out the IRS and the US Government of any recovery, while certain other junior creditors will receive some recovery. Under Chapter 11, that is unlikely to be lawful, so the Feds are challenging the Plan that shuffles them from their priority creditor status to one behind junior creditors.

Regardless of the outcome of that hearing on the 4th, shareholders are getting nothing. The common stock WILL be wiped out and cancelled. Guaranteed.
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