The companies you mention are large corporations. Globetel does not fall into that category. If it files Chapter 11, and it may not, but if it does, the odds are against it coming out of it. To my knowledge, Globetel does not have a banker lending it money, and that tells you a lot, because they would need a line of credit approved by the court for post-petition needs. The company may make it through by paring down their overhead further, disposing of any remaining cash drains and finding a sugar daddy out there willing to take a chance on the company.
The race may not be to the swiftest, nor the contest to the strongest, but that's the way the smart money bets. JMHO
But where are the shareholders' yachts? The past portends the future.
