It has been halted at least 6 times on my platform. Do any of you have any idea what is going on? It is not just a short squeeze. It is like a rocket (or maybe I should say gusher)
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Chesapeake now down $41 to $28/share.
Trading halted due to imminent chapter 11 bankruptcy filing.
blood bath today. Wonder how many traders were run over by that freight train?
what goes up like a rocket will come down like a rocket. hold on the ride will be a scarrrrrry one.
Needs to be $6000 per share for most investors to break even after the reverse stock split. A lot of “educated” investors have forgotten about the reverse stock split when evaluating stock performance.
DOWN 90% YTD.....
So basically 30 cents before the split.
I truly hope that the good people that remain there can keep their jobs. Who knows, if management was smart enough to have stock in reserve in the treasury, they can sell it at 100 dollars a share or close to that and wipe out all their debt.