They need a new financing package. Interesting how Specks resigns June 27 and then chapter 11 gets announced two days later. Probably messed up big time and was replaced by Nicholas Winter. Winter just needs a real plan to reset their capital structure to address financial weaknesses and capitalize on strengths. He appears to be their high-stakes banker/business problem solver guy. Transforming some petrochemical companies profitable previously. Restructured right they could emerge stronger. https://www.linkedin.com/in/nickwinter/
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