Yellow To BK On Monday

Best I can figure is Wall St expects shareholders to get paid in a bankruptcy deal, maybe because the federal government is 30% owner. There could also be a short squeeze going on.

I have been buying puts.

 

Wish I held! It would have been worth 8X! Who would know that though. I thought it would be .01 now.

 

Here's something.
YELL has 52 million shares outstanding.
19% are held short, or were a few days ago. And 30% are held by the federal government. So those shorts had 70% of the float to cover their positions starting when they ate their cornflakes on Monday morning.
Here's what I think is going on.
On Sunday night brokers told them "our line of credit to you is due!" So shorts rushed to cover, and every institution who shorted at $5, $4, $3, etc closed their positions, thus kicking off a short squeeze. But here's the thing: in the last two days, 330 million shares have traded hands. Nine times YELL's float (again, excluding the gov'ts 30%).
I think what started as a short squeeze has turned into a game of greed-chicken. With the same institutions who were short on Friday now trying to flip quick day trades for xxx% profits.
So here's my question. When does the clock strike midnight and YELL is delisted from the exchange?

 

Bankruptcy loan. What's the interest rate on that do you think.

 

I guess that makes sense since Apollo is already Yellow's biggest creditor.
Is there any scenario where the shareholders get paid?

 

Margin call gentlemen!!

 

Driver in this video says he was blindsided by the closing of yellow and that he had no idea yellow was in that bad of shape..

 

This story has been reported in many parts of the country
Can’t see how it’s even possible?
Or is it a well devised plan by Union??
I’ve been seeing..,reading about this everywhere for almost two weeks now....and according to their drivers on here...they were pretty much told sometime last week Monday was the day??
So what’s up???