James River Coal set to auction assets next week


James River Coal (OTCPK:JRCCQ) is scheduled to auction the company off next Tuesday at the NYC offices of its bankruptcy counsel.

The auction was originally scheduled for July 8, but JRCC has been trying to decide whether to reorganize, liquidate or sell assets.

Even with the uncertainty, JRCC said in a filing last month that several potential strategic and financial bidders have shown interest in the company.

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