common shares are toast
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Citadel is doing a private transaction with company to purchase debt with some shares they already own.
Non-story - they've been invested in CHK for years and are just disclosing their billion dollar losing investment
Would someone please give DL a good kick in the nuts?
Does nobody understand that DL got what he wanted? Chesapeake was once a prestigious company. Not anymore. He's made his millions and he's just waiting for Chesapeake to become somebody else's problem. They hired the wrong CEO people! That position is way too far above his sklll level so because of his actions a lot of good workers are gonna lose their jobs.
is this a prepackaged ch 11 or some divestiture?
Pre split price would be $0.06875
Smoking hot....
Investors dream!