This is an insanely small market cap what happens next?? Who knows
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Phew- A lot of you don't understand bankruptcies and it shows. You're still looking at the stock price? Why? 2U will effectively become a private company after they emerge from bankruptcy. Its a Ch. 11 not Ch. 7 (liquidation).
Now, time will tell what happens to 2U in the long run, but if you think the co. coming off of wall streets marks the end of them as a company, I have future oceanfront property in Nebraska I'd like to talk to you about.
The company might not survive but the execs sure will! Fly high greedy bonus beasts!
To the moon
I think 2u closes shop forever. Their stock before the 1 for 30 split, is less than half a cent if you do the math:
- 16 / 30 = 0.00533333333
I have 500K in assets and I am not bragging, this company is not going to survive.
You stand in the line just to hit a new low
You're faking a smile with the coffee to go
You tell me your life's been way off line
You're falling to pieces every time
And I don't need no carryin' on
Because you had a bad day, you're taking one down
You sing a sad song just to turn it around
Next week the market cap will be a book of stamps, two gift cards to Chilis, and a loosey