Ok, those seem like valid points. I can certainly believe that the surge in late May was the one big pump and dump.
As for the double dipping assets, though, weren't there other tax assets and such won by regulators separate from the $1.1 billion. I recall a deal being reached in November to divide NOLS. I got a sense they'd be using that and the Arch transaction money to take care of insurance liabilities and leave the shell for equity and creditors to try to make something of.
Wonder if the new PMI that creditors have will be a publicly traded company and if so, what the symbol will be. Either way, I'm also curious what their business plan will be.