"So may be there is a whisper the stock may not get terminated like Lehman did. but come out of chapter 11"
there was a whisper that musk was going to buy nkla...that caused a huge spike just before they declared bankruptcy...many shareholders were able to get out with a little something...speculators were left holding the bag...
i believe in the filing they already said they were going to break up the company and sell the pieces...my guess is, they already tested the market to see if anyone would offer enough money for the company as a whole...they came to the conclusion that there was far more value selling off the pieces than the company as a whole...and the debt holders will want all they can get...they dont care about nkla as a company...
I owned derivative products (semi bets on position of dow) that were in the money
Lehman went 11
The products were in essence the same level as UNSECURED but SENIOR DEBT
Over 24 months I got back about 70 cents on the dollar -- little by little
That was SR DEBT ----- equity went to zero
Are you saying that AFTER the 11 FILING (not just a PR if that is all NKLA still is) that its stock traded - as high as $4. Not sure who would buy LEHMAN but owning old equity common shares would not bring a penny if some BIG banks bought it out of 11 ??
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