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oils $62 barrel not $28 when the valuation was performed
The judge knows this
Take a serious look at this and you'll know:
http://investorshub.advfn.com/boards/profile.aspx?user=215212
This guy bought BBPPQ at $0.10 and then pumping it hard to Dump his cheap shares to the naives.
BBPPQ filed Bankruptcy in May, 2016 and the company will be closed in Jan. 2018 with Huge Debts unpaid. All the shares will also be Cancelled and Wiped OUT in at the same time!
Be careful! BBPPQ, company is going to be shut down in Jan. and the stock will be Cancelled and Revoked! All the money will go Zero!
Current POR is for around 1.6...a ridiculously lowball valuation designed to allow crooked management to profit immediately. Per the CEOs own words.
5 is way more than necessary to recover...
...stop lying.
Vinny and the Readers at Barchan can.
Btw, why are you spouting about commons on the preferred board?
Lmao!
Watch that docket!
commons need $5b valuation to get anything. por is for $3.9b and real value is around $4.1b. ain't happening. you can't squeeze blood from a turnip. bbppq commons will be worthless.
the value is not there for commons. you can't make it so.
read the filings. read the transcripts from the court proceedings. lol the value for the company is NOT there for commons to be included in any payout. watch the dump ensue, as the folks who understand this thank you for allowing them to get out with a bit more of their principal than they were able to at .17. bbppq buyer beware.
Very wrong he is. POR is dead in the water. CEO is a greedy puke with his foot crammed firmly and inextricably down his throat...under oath.
No you’re wrong ;)
you guys do realize that there is nothing left for commons here, right? some of the priority creditors won't get much if anything either. the full market valuation of bbppq leaves nothing for commons. buyers here will not be able to sell for a profit. lol bbppq is a pump and dump at this point.
Not quite the close I was hoping for, but it’s Friday so let’s see what next year has in store.
Anyone know why preferred's are getting chopped to pieces? It was at 8.25 not too long ago.
The next UPLMQ? common went from .16 to $5+
Anticipation of the Equity Committee
starting to look interesting here any idea whats going on?
Careful as July 14 approaches. All the buying anticipating a positive outcome. But the rumor sell the news potentially in play here.
Nice Call on this one
Same here. Don't know much about ainergy, don't know much about... Bought a few shares, not because it smells like profit, but because I got a little whiff of something. It's risky, but not as risky as the commons. We'll have to see.
The Final Hearing is scheduled for July 14, 2016, at 10:30
a.m. (prevailing Eastern Time) before this Court.
Additional information, including court filings, regarding Breitburn’s restructuring is available at https://cases.primeclerk.com/breitburn or by contacting Breitburn’s proposed notice and claims agent at 855-851-7887 (for toll-free domestic calls) and 917-258-6103 (for tolled international calls) or by email at breitburninfo@primeclerk.com.
Breitburn Energy Partners Commences Chapter 11 Cases to Facilitate Balance Sheet Restructuring
http://ih.advfn.com/p.php?pid=nmona&article=71481192
Breitburn Energy Partners Announces Decision to Suspend Declarations of Preferred Distributions & Defer Making Interest Payme...
http://ih.advfn.com/p.php?pid=nmona&article=71121463
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