Originally Posted by
DapperDon
chapter 7 much more likely. The pieces are worth more than the enterprise. There will be a lucrative bidding war for the pieces.
https://www.marketwatch.com/investing/stock/save?mod=search_symbol
If anybody is interested right now our short position is at 26%.
just for some reference our short position before the merger was blocked was 13%.
10% is considered pretty bad… would cause a short squeeze.
if you own spirit stock right now, you could make a heck of money if Spirit prevails.
unfortunately, I think Wall Street is really saying something here.