Hmmm .. Well by reading the date this was published it does say feb 17, 2016...
But if that is how you interpret dates so be it.
I didn't see any wording of BK there. I did see that the Ceo mentioned that they have much liquidity and cash on hand to pay their debts and continue business as usual, but hey I guess you have special reading glasses.
Although that may be your opinion, there is absolutely zero evidence to back it up.
The fact remains that the company has hundreds upon hundreds of millions of dollars in cash at their disposal as well as having just tapped into more credit. Why would their credit source allow them to draw down on more credit if they felt the company will be filing bankruptcy?
Your theory is flawed and you will be missing out on one hell of a fantastic reversal of trend on the shares.
My initial price target/area of resistance resides @ .08/sh. The last time this stock at 2 white candles in a row like this, it doubled within days
Company is just trying to hold onto as much cash as it can for now, like every Oil company is. Does not mean Bankruptcy, they are being smart with their money !
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