They could not get financing outright, Banks only wanted it to go thru BK, they will restructure the bad debt and pay pennies on the dollar for the debt and start fresh. This is long from over, its going to be a fun play for a while. But do expect a Q in the next day or so and I also think we touch .18ish
Everything I post is based on my opinion only. Do not buy or sell based on anything I post. Do your own DD.
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.