The scare tactics which tell their own story are all over the message boards and so are the rebuttals, many of them more detailed than this but here's one simple to understand version, make up your own minds, OMG this has gotten so extreme!
First of all this company's first Opening Remarks in Court will be July 14th -- many weeks away -- this is a reorganization filing, folks, this company has positive cash and operating as usual:
First of all CODI applies only in extreme cases, to certain lienholders, not us -- company directors WHO ARE INSIDERS AND HAVE KNOWLEDGE OF BUSINESS PRACTICES ARE IN A VERY DIFFERENT POSITION, IF THEY HAVE TO SELL DURING THE PROCESS IT IS NO INDICATOR FOR COMMON INVESTORS!
One opinion that I'm seeing, to consider:
Don't be scared. These are all scare tactics. Do u know how hard it is to even get codi ? It's a long process. Before anything they have to release many many news press and etc and try to work something out. No judge is going to ok a codi to thousands of innocent investors who have invested in this stock. They will give us options. As of right now they have 75 million loan for them to operate their business. Codi usually happens if they're going to shut down for good -- unable to work anything out, stone cold broke and all else has failed, then after many warnings and even THEN...
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