The chart looks ugly because the chances of common shareholders ever getting their money back is mighty slim. The common shares are subordinate to a debt of at least $150 million dollars. In other words, common shareholders cannot get a penny until more than $1.25 per share is paid to creditors.
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.