The stock is still trading without the "Q" for quitter, and changing hands at $0.4379 up $0.0498.
From Roanoke Rapids, NC's RR Spin (not to be confused with PR Spin) March 13:
Enviva enters voluntary Chapter 11 proceedings
Enviva, which has a plant in Garysburg, has announced that it will commence voluntary Chapter 11 proceedings in the United State Bankruptcy Court for the Eastern District of Virginia.
In a letter to vendors the company said it intends to continue manufacturing and delivering wood pellets to its customers worldwide, “and our relationship with you is expected to remain important.”
The company in the letter said it expects to pay its vendors for all authorized goods received and services rendered after the filing date.
“We have secured a commitment for $500 million of debtor-in-possession financing to support our continued operations,” the letter says. “Subject to court approval, this financing is expected to be sufficient to fund our day-to-day operations and meet our go-forward obligations to you.”....
....MUCH MORE
Recently:
"Why Britain is burning North American forests to keep the lights on" (EVA)Additionally, having the largest American supplier of firewood to Britain going bust - a bankruptcy filing is possible at literally any minute - does not add luster to the "We burn wood" marketing tagline.
More On Britain Burning Wood [including tips on how to write to King Charles III]
