When they file in court they’re gong to cancel the common shares, it’s certain somebody is going to lose 100% of what they paid for the stock. Flippers like to play, but it is short lived. This one is fast tracked, so it won’t be long.
And they are bankrupt, there’s no question. It is the common shareholders who nearly always get screwed out of their investment because the creditors are paid first. This is absolutely a terrible investment. Might be worth a flip, but probably not.
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