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BaeMonster

09/08/16 7:31 PM

#27427 RE: Strategyone #27426

Yeah, but again, chapter 11 is still a form of bankruptcy and all immediate debts must be satisfied before commons see anything. Otherwise, we will be wiped and equity will be passed onto creditors in lieu of outstanding debts. I see what you mean though, chapter 11 is a protective time buy for the company's s*** hole of a situation whilst chapter 7 is a death sentence. Still, chances of equity recovering are slim. I am hopeful, but it is what it is, and we should treat the situation as such. I see too many on these forums claiming definitively that we will recover and that is just outlandish bull. Glta