After years of looking in the abyss, it looks the company finally fell in. It's chapter 11, so hopefully they can come out alright.
No real surprise there, other than the fact that the CEO is doing a great job with the positive spin...
Be still my heart, this can't be so?
Who didn't see this coming?
Well, I find the timing a little odd. Either they were REALLY hurting, as the cash coming in now wasn't enough, or they were smart enough to "look ahead" and forego what would have happened about 4 months from now.
I would have thought this announcement would have come 3 months ago.