If it were me - I would convert as much of the 89 million in debt to stock, then r/s the stock again only to be followed up by a General Motors style bankruptcy / re-org because of the outstanding 89 million that was not converted to stock.
Once the dust settles...Then Mr. Coca Cola can work his magic. Until then it is a day trade and anyone going long is going to be in a lot of pain. All of this off course is all just in my humble opinion.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.