Chesapeake stock is down 40% to $15 and change one day after reverse stock split. Don't say you weren't warned that this would happen. Back below a dollar soon an then chapter 11 and then chapter 7.
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RS us buying the company time, CHK is in deep trouble, but not necessary means it will go to BK, shale gas asset obviously is hot again. So don't be surprised that some news coming out
This company is on life support folks, it is only a matter of time...no more hat tricks, time to face the music.
with short rate over 40% of floating share, it is very dangerous to short, if, only if, there is slight chance that this company didn't get BK, then, it will be exploded.