RE:bankruptcy?It certainly looks bad. But these guys have survived some ominous situations in the past.
Consider this: When Veris made those two loans with DB in 2010 and 2011, they must have known at that time they were not likely to meet the terms. So they've had over 2 years to formulate an alternative plan.
They announced in January that a special committee was to explore options on restructuring debt, yet nothing has been announced. Are they really unable to come up with any plan in all that time? Or did they perhaps plan all along to wait and force DB to call in the loan.
They could be working behind the scenes with big shareholders, and purposely allowing the stock price to plummet. Or, maybe they really have run out of 'lives' and this is the end of Veris.
DB, for it's part, could certainly discount the loan and sell to a third party if they choose, and if Veris can't pull a rabit out of the hat this week.