Mr. Miller has advised that Dynegy, Inc. shareholders should veto the proposed sale of the Company to affiliates of Blackstone.
Mr. Miller posted several presentations for public review and interest "US Energy Market Investment Opportunities" at web link: http://slidesha.re/bRp1GP and; "Building an Earnings Accretive Energy Business" at web link: http://slidesha.re/8Yw66E as a guideline for consideration regarding building a growth company.
Let's look at where Dynegy's stock price has gone and where it could return, with the proper restructuring of the Company, to include immediate replacement of the CEO, CFO and Board of Directors, Implementation of a growth plan, support of current large shareholders, and retirement of debt at a substantial discount to face value while extending the maturity of remaining debt.
Mr. Miller specializes in all of these proposed items. Several of the large institutional shareholders also specialize specifically in restructuring and retirement of debt, which compliments Mr. Miller's expertise in building and running energy Companies.
See weblink of Dynegy,Inc. Stock Performance:
http://www.marketwatch.com/charts/int-adv.chart?symb=US:DYN&sid=4954633&time=8&freq=1&startdate=0&enddate=0&comp=aaaaa%7E0&compidx=SP500~3377&ma=1&maval=100&uf=7168&lf=1&lf2=4&lf3=0&type=&size=2&style=1013&mocktick=1&rand=931041896
To be clear, the restructuring of Dynegy, Inc. can only take place once the majority of shareholders veto the proposed sale of the Company to affiliates of Blackstone. Then the real work begins for professionals like Mr. Miller and the large institutional shareholders; replace the CEO, CFO, and Board of Directors, retain key operational personnel, implement a credible and earnings accretive growth plan, put in place new supporting capital facilities to support growth and acquisitions, retire excess debt as discounts to face value, and negotiate the extension of remaining debt maturities, while sharing some of the cash savings with shareholders though a modest special dividend, among many other critical tasks.
The most important task is to re-establish Dynegy, Inc. operating credibility in the US marketplace, re-establish the Company's credibility in the capital markets which will enable the Company to grow and prosper.
Why then would any informed shareholder sell their stock for $4.50/share with industry experts like Mr. Miller and other large institutional shareholders with extensive experience in restructuring and turning distressed companies involved?
Disclaimer: The opinions expressed are those of NEAH. No capital or shareholder agreements or other arrangements are in place, and Mr. Miller and NEAH are not soliciting capital or shareholder votes, and do not intend to file a Proxy. No offering memorandums or other solicitation documents have been distributed. Mr. Miller has provided guidance in open disclosure to all parties of his personal opinion that Dynegy, Inc. Shareholders have credible alternatives to build an earnings accretive energy company. Shareholders should seek advice and guidance from qualified investment advisors and other professionals.
Disclosure: Long Energy Companies
Dynegy, Inc. (NYSE: DYN) Stock Price Could Recover above $10/Share in Short Period of Time with Proper Restructuring of Company
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