I'm wondering because sometimes stocks undergoing bankruptcy proceedings trade higher than you would think even after the declaration. Delta Airlines comes to mind. I wonder what TMA's price would do since it is already in the 70 - 80 cent range.
tma will have nothing left after the call, nada. Except maybe office chairs and desks. Delta is a completely different story. There maybe a surge due to speculation, but do you really want to bet on that? Only play this, if you think there will be a bailout/rescue, othewise it's dead.
does TMA have proprietary mortgage origination software and/or infrastructure? that might be worth something, although I agree the comparison to Delta doesn't hold up