Replies to post #13068 on SandRidge Energy, Inc. (fka SDOCQ)

[Porgie Tirebiter]

I suppose the judge can "order" them not to be bankrupt. But that wouldn't make them anymore solvent.

This is the real issue, SandRidge has to kill off these preferred shares once and for all: http://investors.sandridgeenergy.com/investor-relations/press-releases/press-release-details/2016/SandRidge-Energy-Inc-Announces-Suspension-of-Semi-Annual-Preferred-Stock-Dividend/default.aspx

But there is no way they can do that without killing off the common shares as "collateral damage".

SandRidge has been operationally profitable all along, and still is.