It's not about them surviving at this point...it's about what can happen between now and then, meaning there is no threat of cancellation for months. Seen this happen numerous times, and there is almost always a big pop. If not, who cares...you're not suppose to trade with $ you can't lose anyhow. :)
Considering liabilities exceed assets by a few hundred K and the articles written by the author stating commons will get canceled before any reOrg plan is your typical seeking alpha short type game plan IMO
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