Based on the PR they still have some time to try to pry those shares on the float. But as you can see the volumes starting to go down substantially at this price point, if they want it they are going to have to push the price up. To gather those shares off the float it will take the price up causing a much larger PPS tender to look like it makes sense from whoever is going to offer it if in fact we are right here. Either way, considering the PR, have you ever seen a company this locked up like this float wise with a BK PR with all insiders either holding or buying more? Like I said, looks like this is a line up of the crew for some kind of payday. But then again, could be a head fake also depending on who all owns the debt and has a stake in that. So, who knows. But I am just trying to be logical here and based on logic, float is locked with no insiders selling and even buying on news of BK. Very strange if you ask me and tends to lean towards something else. Funny thing is, look at all that float they gathered after the filing! Some people just do not look any deeper. Is it worth losing the .15 to .1 based on the risk and reward if we are right at this point? I think so since we are talking big big money with such a low float if they change direction here in a big way away from the BK or renegotiate it outside of the courts. Should get highly interesting here soon. This may be one of those ones people will be talking about for many years or forget about. I am guessing the former though just based on the players, their specific actions, and of course the float left.
