I think every % below $1 should be a percentage of payroll/personnel eliminated. In 2 day we will be at about $.75 so that would be 25% of payroll we need to reduce. A 25% payroll cut could be DL by him self or everybody in Haynesville which ever one is worth less.
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I like the idea a 15% cut would be a few VPs.
Now .87 at 12:24. I would think DL would make an announcement and say something, anything. Or BOD chairman would speak up. Maybe two many holes in the canoe right now. I have seen in the past when trading has stopped for a stock in this situation to keep it from bottoming out.
One year price target at Yahoo finance is $1.74. That is funny - the company won't exist one year from now.
This is actually pretty sad. I feel bad for those who are still working there. I’m sure they are really stressed at this time.
Agreed we can buy back debt for pennies on the dollar. Last time we had a threat of Bankruptcy stock prices went to .50 it might go there again.
I like penny stocks.
Over 200 million shares traded in 3 hrs. Panic has set in which could be good if management and BOD makes some strategic moves.