Unfortunately George doesn't always have something behind his behavior that is positive. You know that. When he announced he would possibly take ORIG bk - everyone ignored that thinking George was up to renegotiating loans and it was a trick. A last ditch effort. Hell - even I thought that at first. George style, he's done it many times over the years with both companies who wouldn't think the obvious.
But now filing for BK shouldn't be a surprise to anyone - he flat out told us he would do it.
And for once he kept his word.
He did it.
The Nasdaq issue is a delay tactic. No one wants their company stock immediately dropped to the OTC market.
This isn't a LT thought pattern for recovery. Shareholders will be wiped out - but this thing could crazy trade.
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