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Rumor: New bankruptcy filing coming

Discussion in 'Millennium Laboratories' started by anonymous, Jan 23, 2019 at 3:57 PM.

  1. anonymous

    anonymous Guest

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

    anonymous Guest

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

    anonymous Guest

    Incredible source citing here guys. Well done.
     
  4. anonymous

    anonymous Guest

    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!
     
  5. anonymous

    anonymous Guest

    I know for FACT ML is in serious financial turmoil. Iā€™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!
     
  6. anonymous

    anonymous Guest

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

    anonymous Guest

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

    anonymous Guest

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

    anonymous Guest

    Any news on the bankruptcy?
     
  10. anonymous

    anonymous Guest

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