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KOmani

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KOmani

Re: chumfm post# 64

Tuesday, 04/23/2024 3:46:14 AM

Tuesday, April 23, 2024 3:46:14 AM

Post# of 77
I did some reading (mainly because of the price increase) and see they have $392.6 million bid.

That sounds fantastic!

The problem is the 8-k report filed today says they had total liabilities of $392.5 million as of March 31, 2024.

Honestly, you do expect that a company buying up the assets of a bankrupt company to get a deal .... but it looks like all debtholders will be made whole while shareholders get $0

That is some BS.

Anyways, perhaps you will see this and let me know what you think.
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