Should I buy a bankrupt companies stock is shareholders equity is positive


Cant find a thread similar to this anywhere.

If anyone can shed some light, example.

Ticker $Afiiq is in chapter 11 going on sale ending this month.

It has 177 mil in total shareholders equity. Theoretically 177 divided by 21 mil shares is 8$ a share. The margin of safety is pretty high considering the shares are 0.30 cents a piece.

Looking for thoughts and opinions.

Best regards


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