Just a couple of thoughts on GETY We've seen this scenario in CVNA and WOLF
The company holds huge debt on its balance sheet, a couple of events rock investors confidence in its ability to pay, and the stock crashes.
Now, as the stock heads lower investors are aware that it's odds to "raise aka dilute" it's way out of this hole become smaller. Further adding to the pressure ending in a death spiral. Generating $800-$900m a year in revenue and the ability to return to strong margins once litigation costs are dealt with and a refinancing structure in order.
At just $100m market cap it's most likely scenario with the banks is a restructuring plan similar to WOLF and CVNA. It's the most beneficial scenario for creditors. Sure they can sell of parts for scraps or buy it out. Yet the usual play in this scenario is "we're fucked anyway, may as well let them restructure".
Due to GETYs ability to generate revenue I see this as the most likely scenario. Now, should that happen we're looking at a 10x. Could be much higher if a short squeeze and meme crowds are involved.
They recently stated they have the cash to pay Septembers advancement, giving them some breathing space. They also have a meeting scheduled for October for a potential reverse split.
Insiders hold over 50% of the float, the entire family is deeply in GETY and that will incentivise them, in my opinion, to pull the UNO card, if there is one.
Now, if I am wrong it probably doesn't go to zero, almost every name that declares a state of bankruptcy rallies when valuations are this compressed. However, lets say it does go to zero, that still offers a 10-1 Risk/reward idea.