It could be Chapter 7 is in our future. However, the Judge has already authorized an emergency loan, there are reports that the lights are back on at the mill and hearings are forthcoming concerning the rest of the financing they need to get things going.
They've also hired a reputable consulting firm.
If CPRK can prove that PN was influencing lending (i.e. take it above the level of hearsay) then we have been told the truth all along and the events of last year make a lot of sense. So we will wait and see, but I think because the Judge has allowed lending to occur and the fact that the lending did occur tends to make Chapter 7 more and more a remote possibility.
I know who MS is (never met him) and the idea that he is in this to take advantage of people does not fit my understanding of his character. He takes risks, for sure, but isn't that what investing is all about?
This is my own opinion and is not to be construed as advice.
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