$Wolfspeed (WOLF.US)$ This is the most strange company I hav...
$Wolfspeed (WOLF.US)$ This is the most strange company I have seen in this couple of years trading. Even if you were to RS, the price should be about $120ish, but now is $24. I understand the restructuring which than they paid off the creditor, but if it was not being sold off, where did they raise the fund to pay them?
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1089162158 : the company gets the share holder 90% money to pay for the debt .....
The Echo : Put this question to Grok, it will help you
1089162158 : this round restructuring not only revered merge for share from 120 to 1 but also reduced the share price by 90% .... first ever restructuring method and wonder why do not have any party govern it to protect the investor or share holder ......
MonkStar : Fyi, this is Chapter 11.
ILoveToMakeMoney OP MonkStar : Ya, I'm aware. Have seen others Chapter 11 too, they either delist or move to OTC. But never encounter such drastic move which also liquidate shareholders by so much.
一粒麦子 : Fraudulent company