Rumor: New bankruptcy filing coming

heard a new chapter 11 filing is coming if they can't refinance their debt. Refinancing is a long shot though.

 

Any update on this? I think if they file again, they will close and liquidate. Their business model is dead!

 

Incredible source citing here guys. Well done.

 

Source are multiple people I know at banks for the refinancing and 2 investment bankers. They are having a very difficult time refinancing the debt load on the company due to falling revenue. If the debt can't be refinanced in Q1 2019, the increase in amortization payments will make it impossible for them to function. If this occurs bankruptcy will be the only option. Now take your amateur BS somewhere else. You have no knowledge on this!

 

I know for FACT ML is in serious financial turmoil. I’m looking for a new job ASAP. Surviving the last bankruptcy was hard enough. Might need to be begging Mike Day to bring me on board to his lab! Run friends, run!

 

Can't say I'm surprised, I had some investors reach out to me in the past for my take on the place.

 

Two big managers just left the company. What did they know?

 

Read everything above, that's what the managers knew.

 

Any news on the bankruptcy?

 

Soon. Probably in the 1st quarter. Everyone is already jumping ship.

 

Any updates?

 

Q3 and no updates... seems like you are just making this stuff up!

 

YAWN, been hearing these rumors a long time now

 

Yawn indeed! Companies love to put bankruptcy rumors out right around the time there debt is due. Gives them leverage to refinance. That is all Millenium did!

 

still waiting on that bankruptcy huh