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Re: Price1 post# 2048

Wednesday, 08/02/2023 7:53:21 AM

Wednesday, August 02, 2023 7:53:21 AM

Post# of 2329
That is correct. Yet over 700 million in the company assets are intangible - only tangible assets will be carved up and sold off to the highest bidder. And in BK assets are acquired at deep discount to stated book value.

I don't see a realistic way enough funds will be raised to extinguish all debt.

There were no offers to purchase the company as a whole pre bankruptcy.

I think the hype portraying the common shares retaining value post BK is just that, hype.

And that the common shares will be canceled to allow a new equity position, should one emerge, a chance at a ROI on fresh investment in what remains.
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