Seadrill Ltd (SDRL)

[MisterEC]

Puppy dog, A Critical Hearing For Seadrill Shareholders Set For November 1

Summary

Hearing on appointment for an official equity committee is set for November 1.

The U.S. Trustee already denied an appointment of an official equity committee.

An official equity committee might be needed to defend shareholders' 2% new equity under the plan.

Only 2 indications of interest submitted so far under market test.

The liquidation value is only $500 million available to pay the $10.5 billion in unsecured claims.

Bawahahahaha....you bought this at $7?

Seadrill Limited Ord (SDRL)
0.299 + 0.0041 (1.39%)
Volume: 1,251,321 @ 12:35:25 PM EDT

Big move today :)