I don't know much about stock markets, but I was wondering how low can we go before we are de-listed? I'm pretty sure we can't stay in this free-fall forever without any consequences. Or can we?
What happens if/when we reach zero? Do we have to file Chapter 11 before that happens?
Return of the jag, return of the jag....
They'll do a reverse stock split if needed.
Dont worry about it... Get back to work
Start looking for another job, because eventually the company will go into administration, McC is already a de facto administrator of sorts but has a certain amount of leeway and options. A court appointed or bank appointed administrator will be ruthless, and you will be lucky to get a basic salary every month. As others have said the proverbial s..t will start hitting the fan towards the end of 2019 when upper management start to bail.
As it is the company is unsubstainable, and drastic swathes need to be made at VP/management level as this top heavy style is heamoraging money every month on non productive personel.
Miracles can happen, but in Weatherfords case it will have to be divine intervention as there is no will at the top to implement the changes needed.
The bottom line is Weatherford is doomed.
Get a new job...soon. There has never been a better time to be a job seeker.