Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
I asked my REXX contact only a couple weeks ago if they were going to survive, and he reported that they said yes. But chapter 11 was filed today, as perhaps you saw. Man, how awful and what a sorry sight. 11 is supposed to mean ongoing business, just restructuring; not like chapter 7 or 13. No point in selling now. What a bad saga that turned out to be.
