They had a little bit of an issue paying their debt, refinancing their debt is the news were waiting for.... but one should ponder, why are they so over-leveraged that they couldn't maintain payment of this debt.... Positive news sends this flying to .30s and building up to .40s... No news or further negative news sends this back to .15 -.18 area... be very careful holding... i hope it runs to a dollar believe me I've never short 1 stock in my lifetime, as i don't believe in profiting off failure... but we all need to be careful and work together to inflict pressure on Shorts wherever we can. There will be many Squeezes...
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