I shorted $3.10 right after the halt, if I did overnights I would have been holding! Current equity holders are now even more stuffed then before. However I can't think of a reason why anyone was long in this stock in the first place...
it went to 4.00 because of a reverse split.I remember trading it during the summer at about .25 cents.
It is a piece of garbage!!!!! short as much as you can,it will go back to .25 cents.
$100 oil--trucking company
it is not hard to figure this one out
"In the aggregate and with full participation, noteholders would exchange approximately $536.8 million in face value of Notes plus accrued and unpaid interest for shares of common stock and new Class A Convertible Preferred Stock, which together on an as-if converted basis would represent 95% of the companyââ¬â¢s common stock, with a provision for options to be granted to the companyââ¬â¢s union employees pursuant to the companyââ¬â¢s recently ratified Amended and Restated Memorandum of Understanding on the Job Security Plan. "
