As I understand it Chapter 11 allows reorganisation and while it could lead to Chapter 7 it can also lead to continuation of the entity which may result in trading out of it's difficulties. It's a form of protection against sledge hammer creditors. Hopefully it works for them as they have 2500 employees, plus flow on effects etc.
Ann: Shareholder Update, page-77
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Last
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Mkt cap ! $5.825M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.2¢ | 0.1¢ | $42 | 32.26K |
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| No. | Vol. | Price($) |
|---|---|---|
| 70 | 184932345 | 0.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.2¢ | 128144545 | 74 |
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Change
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| Open | High | Low | Volume | ||
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