Host Management and Irrigation, page-43

1. The share price isn't low, it's high. It has fallen a long way, but when the assets are worth less than the debt, that tends to happen.
2. well the shorts mainly, but there aren't any other winners. But 'who benefits' is subordinate to 'is the company going bust'. After that, as an equity holder it doesn't really matter about looking at the water, it's an ex-duck. It has ceased to be. It has waddled off the mortal coil, run down the tree and joined the choir invisible.