Post by
jensen383 on Mar 04, 2016 12:50pm
Surprised
I am really surprised that after being halted for 3 days there has not been any insider leaks/rumours as to what is happening.
Comment by
MBertolli on Mar 04, 2016 12:54pm
We don't need insider leaks. THEY HAVE NO MONEY. They're trying to agree to terms with debtors, lenders, the board, managment etc a way to SAVE THE COMPANY from going bankrupt.
Comment by
dannyd9 on Mar 04, 2016 1:31pm
Not really in the debtors advantage to force company into bankrupcy. Believe they are trying to come up with a solution to allow the company some leeway. Its now evident that the stock was halted because management knew these talks would be intense and of some duration. Negative rumours would have emenated during the discussion and the sell off would have continued unabated.
Comment by
MBertolli on Mar 04, 2016 1:44pm
I agree dannyd9. In my opinion they are certainly working towards a resolution, otherwise they would have filed for bankruptcy already. There's too much value & to many people with big money invested to just let it go under without a fight. They are likely working on some type of emergency finance plan & restructuring. Let's hope it includes replacing Mr. Fleming.
Comment by
haltedNOTgood on Mar 06, 2016 6:09pm
Unfortunately, that's the way I see it. Hope to be wrong. I hate to lose money. I can wait for money, but losing money rubs me the wrong way.