This gain sure looks great but I am bewildered as to what is going on here. Does anyone have any idea what might be driving this?
This company is currently in Bankruptcy Chapter7 which is liquidation. If it were in Chapter11 reorganization I might think this is a reasonable gamble from here, because it could eventually come out of BK in better shape and continue. But Chapter7 is the end of the company. It is going to be busted into pieces and sold off to cover the debts. There will be no follow on company and nothing left for the shareholders to own.
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