Agreed. But does any other company even want to try and buy it now while its going through the BK process?
Has anyone bought a company while they are in BK process before?
Unfortunately, I think IF anyone was going to buy it, it would be AFTER the BK process as they also want this BK to get rid of or most of the Union and all of the people that retired. The new company to buy them out probably doesn't want to be responsible for all of that. Once that is done and gone, then someone may come in with an offer.
Would definitely be nice to know IF they even HAVE any offers on the table or IF there is anyone that is showing interest. I guess they couldn't release that info. But, then again, you would think it would get out "somehow" via a rumor that someone is and would drive the price up, so it would also perhaps help with the sale showing the value is no longer in the pennies, but in the dollars. Someone could be low balling at $1 or so, but they want $10 and no one is going to meet half way. If the price gets up, it could help. Then again, perhaps upper big wigs at PCX doesn't want to sell anyways as they know once this emerges from BK it will go way up again. Obviously not caring about current holders either
