Re: Interesting Thornburg Mortgage May File Chapter 11 Bankruptcy
"Why in the heck would MP give back common shares?"
It appears clear that MP is arranging new financing that will be harsh on common shareholders.
But in my view, it will still be far better than bankruptcy.
FWIW, I bought more shares yesterday at a weighted average cost of 2.32 cents.
If this doesn't work out, I'll be cleaning bilges forever.