Peabody Energy Corporation (BTU): The existing Common shares are DEAD T...

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Peabody Energy Corporation (BTU)

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Re: sorkin post# 1635

Monday, 12/26/2016 1:49:16 PM

Monday, December 26, 2016 1:49:16 PM

The existing Common shares are DEAD

The first proposed reorg plan was filed. The existing common, and the 2066 covertibiles are getting NOTHING.

While it is possible that maybe something will change with the plan, the existing common is still going to get zero because there are simply too many classes ahead of the common.

While it will still be a few months, at some point in 2017, the plan will be approved and confirmed with the court. Once that happens the common will stop trading, maybe in the middle of the trading day, delisted and cancelled.

Louis J. Desy Jr.

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