Is Violin Memory Bankruptcy Bound?

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Is Violin Memory Bankruptcy Bound?
Flash storage company Violin Memory Inc. has seen its stock fall nearly 86% over the last 12 months as concerns mount about the company’s balance sheet. It has seen its stock fall nearly 86% over the last 12 months as concerns mount about the company’s balance sheet. According to a normalized Z-score, MacroAxis places the probability of bankruptcy for the company over the next two years at 94%.