BAK Braskem S.A.

$BAK finally bankruptcy just put everyone out of their misery - imagine all the time you have wasted looking at this shit

My model is BULLISH among BASIC MATERIALS for THURSDAY: #1 $BAK Bullish Across Tenors 🚀 #2 $BMM this has really great like way beyond normal numbers across (never saw something like that before, so could be just model breaking somewhere positive numbers) #3 $AUGO #4 TOP CONTRACTIONS plays: $CNEY $BGL [TIER 3: FULL UNIVERSE (MACRO BASELINE)] Sample Size : 272 targets Top 10 Tickers Evaluated : NXTS, XPL, USAS, FEAM, HLP, ELBM, MINE, HDSN, MOS, NTIC Mean Actual Forward Excursion : +14.41% (p-val: 0.0000) <-- (Baseline Drift) Mean Synthetic Jump : +40.54% Empirical Hit Rate (> Hurdle) : 19.12% (p-val: 0.0000) Brier Score (Calibration) : 0.1709 (0 is perfect) Info. Coef. (ρ) : -0.4245 (p-val: 0.0000) GOD BLESS AMERICA

Braskem bondholders are rejecting the petrochemical company’s latest restructuring proposal, increasing pressure on Petrobras to commit fresh capital, Bloomberg reported, citing people familiar with the matter. Negotiations over Braskem’s roughly $11 billion debt have intensified after controlling shareholders Petrobras and IG4 Capital Group softened language on a potential capital injection. Under the latest proposal, creditors would provide about $2 billion in new funding, with $1.25 billion used to repurchase existing debt at up to 50% of face value and $750 million allocated to working capital. The plan differs from earlier discussions, which did not include a debt haircut. Creditors are demanding a binding shareholder commitment to inject capital, with some saying there will be no agreement without it. Petrobras wants to avoid a bankruptcy filing but has resisted making the commitment sought by creditors. $BAK $PBR