Replies to post #4353 on Virgin Galactic Holdings Inc (SPCE)

[Carjockey2]

The company has completed sales specified assets to satisfy debts. It's a chapter 11 bk, not 7. They have not sold all assets. They had far more assets than debts.

This is my understanding..

Didn't stop the stock from running $0.0120 on June 5th to .09 in 5 days..

Like I said this is a lotto ticket

[Carjockey2]

I'm sure there's more information out there on Google, but I'm not inclined to spend too much time looking on a lotto ticket.

[Carjockey2]

Here's a little more information before I leave for the afternoon. Have a great weekend..

https://www.newscientist.com/article/2375306-why-has-virgin-orbit-shut-down-and-what-will-happen-to-uk-spaceports/#:~:text=But%20this%20effort%20ultimately%20failed,a%20valuation%20of%20%243.7%20billion.