Tintri: Bankruptcy Official, Creditor Stack Is Deep [Seeking Alpha]
TINTRI (TNTR)
Last tintri earnings: 3/5 04:05 pm
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US:NASDAQ Investor Relations:
ir.tintri.com/investor-relations
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Source: Seeking Alpha
Tintri: Bankruptcy Official, Creditor Stack Is DeepSummaryTintri formally filed for a Chapter 11 bankruptcy on July 10, one year after its IPO and ten years after its founding.The company has negotiated a potential asset purchase by DirectData Networks.Investors are unlikely to receive any value out of bankruptcy, as the DDN asset purchase is unlikely to yield a premium.The $6.5 million in market value remaining, which has remained steady after the bankruptcy was filed, is likely to be reduced to zero.Separately, the NASDAQ has also moved to de-list Tintri.
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