Somebody does need to learn a thing or two and that could be you and a few others. Those unaudited figures are for all of XIDEQ and include European operations that are not part of the restructuring. Consequently, the numbers are totally MEANINGLESS in estimating surviving S/P value after emergence.
They also do not include off balance sheet items which could be substantial. Catastrophic, even.
If you think that the shares may be worth $1 or more, by all means keep buying them up. That's YOUR $$$. I am only suggesting that a few of you pom-pom shakers show some respect for the risks and downside and quit screaming the bankruptcy is a "fraud" or threatening shareholder action or claiming your numbers somehow PROVE the S/P is multiples higher than the street valuation. The truth until proven otherwise or modified by Exide management is that the common shares are expected to have little or no value after restructuring.
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.