george/boggrr, no question of chapter 7, they filed chapter 11, so even if a going concern buy out does not happen, still the proceeds will go to BK court and commons will still get much much more than 20c.
At this point risk /reward heavily in favor of reward
Disclaimer: Do not buy or sell based on my recommendation. I am not your financial advisor .My recommendations are based on my intuition, research or both and may be right or wrong.