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420man

08/19/20 5:33 PM

#296 RE: Pushmonkey #295

BK news was released today. Info is above.

There's a huge short position, but I'd say most won't cover----> The company's plan swaps its revolving loan and unsecured bonds into equity in a reorganized company. Existing shares will be wiped out and shareholders could receive warrants for future equity. The company will pay trade claims in full in cash, Valaris said.