First of all the company is not in as bad a position as all say.
The company's evaluation is several times more than its current stock price. I have not studied its product portfolio. But the company fundamentals deserve a far better price than what we see.
There is absolutely no reason for the company to even look in the direction of bankruptcy.
IMHO.
I have not bought any position in this company yet. I am looking for an entry point after I complete my due diligence (I am still working on it)