Patriot Coal Corporation (fka PCXCQ)

[frankj]

For all share holders, if you want to help and keep fighting for EC, or at least try and get your voice heard in regards to your shares, below is the following you should do to write into the court and the US Trustee. I've been able to get started on this myself and plan on sending these out on Monday. The more who write in, the more we can show the court that an EC should be formed and our "voice" should be heard in the court. We can't count on the Board of Directors to stand up for us as we all know that is not going to happen. We are last on the list and currently have no voice at all.

It doesn't hurt to give it a try. Only thing you will be out of is 2 stamps and some time writing it up. I am currently typing all of this up and will print it out, hand sign it, and finally mail them out.

I'm going to try and keep Mike updated at McKool Smiths law firm that is currently trying to represent the EC. They are in a "hold" pattern while they explore another way to get it done. This still has 6+ months to go and we can still get an EC heard. The more people who write in, the better chances to show and prove to the court that an EC is needed to represent share holders. The excuse, albeit a crappy one, that the Judge mentions is that there aren't many interested share holders to warrant an EC. With all of us writing in, we can show that is not the case.

If you don't want to waste your time, no worries, fully understand. Currently it looks obvious with the negative equity that PCXCQ has that they won't keep the current stock intact. We all figured this anyways. However, with all of our voices and letters to the court, and hopefully the formation of an EC, we can still fight to have all current shares be rolled into the new company. Essentially saying whatever we have now, we would like into the new company. It is better than nothing and sitting around in a pity party.

This is just the start of the "official" letter. You will need to add in your own information. You don't have to say how many shares you have, and try to avoid any "bashing" and "this is unfair" type of comments. Keep it professional, straight to the point, and try and provide some examples. For me, I am going to use examples of a few companies, such as American Airlines and Tronox. With American Airlines, I will argue that the CEO said the BK was wrong and made sure to keep stock intact. Obviously they had positive equity so that was going to be good. For Tronox, they had a similar issue where another company was being sued for possible fraud. In PCXCQ situation, they are trying to sue Peabody for all the liabilities. You should do your research on this to provide solid facts, such as I am doing.

Any questions, let me know. I will do my best to answer them as best as I can.

You will need to reference this as a good starting idea:

http://patriotcaseinformation.com/pdflib/4201_51502.pdf

You will see at the top of how to address it.

Here's how the Objection should be headed:

IN THE UNITED STATES BANKRUPTCY COURT

FOR THE EASTERN DISTRICT OF MISSOURI

EASTERN DIVISION



In Re: PATRIOT COAL CORPORATION, et al.,

Case No. 12-51502-659

(Jointly Administered)

Debtor


Objection to the Plan of Reorganization

(or other Objection)


Here's where it should be sent:

Judge Kathy A. Surratt-States

United States Bankruptcy Court

111 South 10th Street, Fourth Floor
St. Louis, MO 63102

Your objection should state facts, not "its unfair" arguments.

I would also suggest sending a copy to the US Trustee's office, too:

Office of The United States Trustee
Leonora S. Long
111 S. 10th St.
Suite 6.353
St. Louis, MO, 63102-1125