CLW - Final Flush Is Coming For Orchids Paper Products
Orchids Paper Products is insolvent, and the company's worthless stock has been bandied about for several months at prices from $2.00-$4.00/share. This charade should come to an end any day now, and I believe that Orchids stock will trade back towards zero in the very near future.
We covered Orchids in three previous articles over the summer, which showed how the company was losing money and what the dramatic actions of its lenders meant. Three months later, the company has used up all the time granted to it in a subsequent set of extensions expiring