CCO - Bankruptcy Cases - Some Interesting Developments
The last few weeks have seen a lot of movement in some of the major bankruptcy cases. Instead of getting simpler, the plans are becoming more and more complex. Some investors have done well lately trading bankrupt securities, but not all. As I have stated multiple times, investors need to follow other Ch. 11 cases closely and not just the ones they have a financial stake in, because these cases do not operate in a vacuum.
Bankrupt Rex Energy Being Bought for $600 Million
Many investors and SA readers often hope for some unknown outsider