Ultimate CC question For those of you who don't know how IR works. Management would never say they are considering bankruptcy. That would mean they gave up. That isn't something you pre-announce. You play the game of the guy who says is acting in (current) shareholder's best interest, until chapter 11 happens.
Otherwise you aren't fulfilling your duty, get sued in class actions at the very least if not civil suits.
That's how the game works. Game face til the end happens, then say sorry we had no choice. Investors have to read between the lines, and understand what PR fluff means, how it is timed etc. YLO is a spec stock, anyone who didn't realise this as of 6 months or more ago has to learn a few things about gambling in the market.
That why some of the analysts were giving a
target 3 months ago, they were of course pessimistic because they don't cover spec stocks for the most part, but what they said is certainly a realistic possible scenario, it' like a warning shot.