One thing we must remember during this sell off is that the fundamentals are improving; commodity prices are holding up, so the risk of insolvency is reduced, and an eventual price turn around will happen. This is why BLY is a good short term trade for anyone entering near the end of Ares offload.
The worst case scenario for holders who bought recently (i.e. 1 to 2 cents) is a takeover sub 1 cent like
@Ganesha posted, which I think is unlikely. Just got to sit tight and take it from Ares, like being in a jail cell with Bubba. Heck this has been a lesson for me. 26B shares on issue; BLY are such numpties.