$LLEX This shit show is just starting. No you cannot trade today but shares are only wiped out once a judge approves the plan and this is a year out from being settled. Just because Lilis has a ”plan” to screw the common shareholders doesn’t mean the judge will approve it. I imagine there is a large number of sec complaints and lawsuits being filed against this company. The assets far outweigh the debt now we just need a judge to make examples of these pieces of shit.Good luck fellas we’re gonna need it🤙🏻
  • 10
@OilfieldMafia6 if assets are $500mil, the BK judge needs to force them to Chapter 7 so assets can be liquidated and everyone get paid. Chapter 11 is just a screw you to shareholders while Lilas and Varde make out like bandits!
2 Likes