Replies to post #7919 on SandRidge Energy, Inc. (fka SDOCQ)

[Smilin_B]

NOTHING is "off the table" until the company issues a formal statement that they are working with their creditors and bondholders to avoid bankruptcy.

Just because they have an excess of 800 million dollars in their bank, in no way shape or form means that they will not seek protection under the US bankruptcy code. They can "restructure" by way of a prepackaged bankruptcy.

None of us want them to take that route, but until the company issues a formal statement, the risk is still on the table.

Im long the shares

[mikoli007]

If it was known that BK was off the table then pps would be much higher.