Patriot Coal (PCXCQ.OB) says a restructuring plan that would pump hundreds of millions of...


Patriot Coal (PCXCQ.OB) says a restructuring plan that would pump hundreds of millions of dollars into the company is in the works, thanks to the help of two key creditors that are discussing backstopping a rights offering of new equity.
From other sites
Comments (4)
  • BornIn87
    , contributor
    Comments (111) | Send Message
     
    Details?
    19 Jun 2013, 11:34 AM Reply Like
  • samdehne
    , contributor
    Comments (910) | Send Message
     
    If this "backstopping" includes protecting the shares of current shareholders who bought their shares because PCX hqtrs guaranteed that they would "protect shareholder value" (IE their stock).. then I am for it.
    "They" should not be allowed to obliterate our stock.
    No matter how disconjerkutigulated the BK "rules"
    have gotten.
    19 Jun 2013, 03:20 PM Reply Like
  • chistletoe
    , contributor
    Comments (271) | Send Message
     
    no sense in copping an attitude about it, Sam.
    "They" have a whole lot more clout than you and i do.
    We took our chances, paid our money down, and all we can do now is to wait and see .....
    19 Jun 2013, 05:13 PM Reply Like
  • starbase
    , contributor
    Comments (9) | Send Message
     
    im with you sam
    19 Jun 2013, 10:00 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs