RE:Bankruptcy It is chapter 11, not chapter 7, so no guarantee of total loss. Assets outvalue debts, more a cash flow crunch on mine statup while they work out the bugs, but PALA no longer willing or able to keep feeding the demon.
The structure and timing of the C11 are done for an auction, so in an auction, anything can happen.
No bidders, expect nothing.
Stingy bidders, expect nothing.
Competitive bidding just based on current values, not future, you could see at least a dollar per share.
But temper that with banksters, lawyers, and the worse, miners, and they might wittle it down to pennies...
I will enjoy the show regardless.
KW