Ooh wow romang I appreciate the encouragement but cannot advise when it comes to buying or selling.
BK investing is, as you know, highly complex and each case has it's own set of risks & circumstances...therefore do as much personal DD as you can before making any decisions.
The GAP BK has a Disclosure Statement out as we speak and is in the solicitation (voting) stage. The board should have sufficient info re: QUIBS but provides little info on the 6.75% Convertible Senior Notes. I can tell you that 80% of that class are held by the plan proponents themselves.
To be honest I'm not doing so well on this investment (down 60%). I didn't anticipate the Plan proponents side-steping a debt holder, like QUIBS, to offer equity a deal in newco. There are objections out.
NOTICE OF FILING OF REVISED DISCLOSURE STATEMENT
Class G - Quarterly Interest Bond Claims (QUIBS)
Estimated Range of % Recovery Under the Plan:
2.1% - 2.7% or 2.1 - 2.7 cents on the dollar (which equates to $.525 - $.675)
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