Posted On: 03/09/2016 9:29:09 AM
Post# of 61
I saw this article (Alpha Natural Files Debt-Payment Plan; Creditor Recovery Unknown) claiming that "...The chapter 11 plan of reorganization that Alpha filed Monday with the Richmond, Va., bankruptcy court is filled with holes, including the value of the assets that Alpha expects to distribute among creditors owed $7 billion as well as the percentage each creditor group can expect to recover on its claims..."
and that
"...Alpha says its auction proposal will "maximize the value" of its assets and that its chapter 11 plan is in the best interests of the company and all its creditors..."
This is an opinion which might very well come true...but if ANR after restructuring keeps its share structure and trading intact it will be more appealing/cheaper instead of starting from scratch/re-issuing shares.
Management and employees own a lot of shares and the value right now is minimal...there can be a way out IMO
and that
"...Alpha says its auction proposal will "maximize the value" of its assets and that its chapter 11 plan is in the best interests of the company and all its creditors..."
This is an opinion which might very well come true...but if ANR after restructuring keeps its share structure and trading intact it will be more appealing/cheaper instead of starting from scratch/re-issuing shares.
Management and employees own a lot of shares and the value right now is minimal...there can be a way out IMO
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