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13/11/18
06:32
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Originally posted by jevalent
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Existing holders are now carrying an essentially worthless stock. I can't see how the company can avoid bankruptcy and a consequent sale of all assets at an enormous discount. It would take a miracle for anyone to realize a penny for whatever the size of their holding. All existing share holdings will have no value whatever on the other side of a bankruptcy proceeding. Even under a CR scenario, a CR at a tenth of a cent per share, even if they could get that much would dilute existing holdings down to homeopathic levels.
This is the end of the POH saga, ladies and gents.
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There always a hope or we might call it miracle. You just never know.
I don’t hold now, but if I am holding and I won’t selling now with 90% loss, I prefer holding to wait until the miracle shows up