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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.
Comments (4)
  • BornIn87
    , contributor
    Comments (98) | Send Message
     
    Details?
    19 Jun 2013, 11:34 AM Reply Like
  • samdehne
    , contributor
    Comments (47) | 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 (272) | 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
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