Replies to post #370 on Pioneer Energy Services Corp. (fka PESXQ)

[SC777]

I guess people can't read that equity is getting 6% in the new company, buying hand over fist here

[Value_Investor]

5.75% of new equity is nothing since all the new equity together only worth about $5M which means PESXQ will crash to $0.0035 ~ $0.0025...

The CH11 peer (DESTQ) has much much much higher valuation than PESXQ since it still has $11.15 per share Giant Positive Liquidation Value v.s. PESXQ has Very Negative Liquidation Value!

Why a very negative BV CH11 stock should be traded at over Ten Times of its real value? PESXQ only worth $0.0025 ~ $0.0035 per share after reorganization but it is trading at ridiculous high price $0.016 or above currently!