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zj3001. .Are u Kidding Me, What Kind of Response is that...A very Good Chance it's Approved !!!, See u at Multi-Multi Dollars..The Market is so Blind on this One, "It's Unbelievable", WOW.
JPMORGAN REQUEST EMERGING FROM BK IMMEDIATELY
GLTA.
Nothing is approved yet, that is the proposal that is getting voted on.
Penny 2.0 they cant Provide any Proof...Thats what u call B*shing 101 with no Proof and No Reason...$$$ EPEGQ WILL EXPLODE, TODAY OR TOMORROW, I CAN WAIT !!!, WATCH THE ONES IN THE KNOW LOAD BIG !!!!
Provide the docket where the courts approved this....
people should know that commons are getting a fraction of .01 and the company is going private. epegq is not a buy.
removing my posts does not change the facts here. and the stock will not move. lol so, delete this one too. in fact, it's shortable.
Provide your proof, I'll wait...Regardless they are emerging. I provided the proof...
Please share your proof of the garbage you claim? You're basing it on a supposed phone call, one of the oldest tricks in the book to get cheap shares. I'll wait on more dockets and more company disclosures and play the lotto.
99.9% of the time commons get wiped out. You can bet on the .01%.
Wish you guys luck. I confirmed with an attorney on the case that reps senior lien holders that we as shareholders are “other equity” and have to split $500,000 of outstanding shares per 4th amended bk filing. The shares are not to be converted.
There are new shares up being issued for private placement for company to go private . We have no voting rights.
That is if the company has the court approve as is
EPEGQ $$$ ABOUT TO GET CRAZY !!!!$4 BILLION+ SHOULD PUT US AT $10.00+..
Not sure, Billion $ Fund Apollo Management is taking OWNERSHIP with 3 other funds and they just filed a Schedule 13g showing over 800m CLASS A COMMONS.
The common stock isn't wiped out?
Have a feeling that EPEGQ shares will be flying off the shelf in the very near future!
**BREAKING NEWS**DEBTORS/JPMORGAN REQUEST EMERGING FROM BK IMMEDIATELY »»
https://cases.primeclerk.com/EPEnergy/Home-DocketInfo?DocAttribute=4808&DocAttrName=PlanDisclos...
EPEGQ $$$ »»BRING ON THE FIREWORKS..THE MARKET IS SLEEPING ON THIS MONSTER!!!, I CAN'T WAIT.
Confirmation hearing 2/28/2020. Good luck to all
Potential to be a monster lotto...definitely emerging
What’s up here bro
$EPEGQ could run like these »»1. WAHUQ 10M O/S, FACE VALUE $50, FROM .01 TO 8.90
2. LEHKQ 12M O/S, FACE VALUE $25, FROM .0001 TO .13
3. LEHLQ 12M O/S, FACE VALUE $25, FROM .0001 TO .10
4. LHHMQ 16M O/S, FACE VALUE $25, FROM .0001 TO .13
5. LEHNQ 8M O/S, FACE VALUE $25, FROM .0001 TO .16
Hey BD, got your PM but I have not seen that issue. I use the app from my phone only to access IHub.
Or they got your name thru your broker and they gave to mm's and then? not saying that happened but you never know these days.
WOW..A LOT OF MINDLESS TRADERS ARE NOT GETTING IT !!!THEY WILL MISS THE MONSTER RUN NEXT 2-3 WEEKS..IT'S THERE IN BLACK AND WHITE, THANKS TO U Penny Stocks 2.0..$$$ EPEGS COMING OUT OF BANKRUPTCY WORTH 7 BILLION..OMG..
Judge's approval paves path forward for Houston energy co.'s bankruptcy. Houston-based EP Energy Corp. ... The oil and gas company is expected to emerge from bankruptcy on March 19. The backstop agreement has the company handing out ownership over the company to four lenders, including Apollo Global Management Inc.
https://www.google.com/url?sa=t&source=web&rct=j&url=https://www.bizjournals.com/houston/news/2019/12/04/judges-approval-paves-path-forward-for-houston.amp.html&ved=2ahUKEwj16YftsePnAhUGCsAKHQQECRkQFjAAegQIBRAC&usg=AOvVaw2fsJVjrChphXqFqgMwl4Pp&cf=1
CONFIRMATION DATE FEBRUARY 26TH »» https://cases.primeclerk.com/EPEnergy/Home-DocketInfo?DocAttribute=4808&DocAttrName=PlanDisclos...
Read Filing....800m COMMONS ACQUIRED, NEW OWNERSHIP »» https://www.otcmarkets.com/filing/html?id=13917285&guid=jcYCUeox_0FZs3h
OTC shows over 1.8m shares legitimately shorted...Yahoo' shows 11m shorted in 2019, 20% of float.
$EPEGQ: I'm not ready to buy ................. YET
But I will.
Just looking into 2 things right now.
Once I figured that out, I'm in.
Waiting for an answer by next week.
FACT..800M CLASS A COMMON SHARES Acquired by APOLLO INVESTMENT and 3 other HEDGE FUNDS
One morning investors are going to wake up to millions of shares trading pre market...it started today with 60k.
$EPEGQ Bankrupt EP Energy Receives Commitment From JPMorgan Chase to Convert DIP Into $629.4M Exit Pact
December 02, 2019, 08:55 AM
Filed Under: Energy
Related: Bankruptcy
EP Energy Corporation, which filed voluntary petitions for Chapter 11 on Oct. 3 in the United States Bankruptcy Court for the Southern District of Texas, has entered into a Senior Secured Superpriority Debtor-In-Possession Credit Agreement with JPMorgan Chase Bank, N.A., as administrative agent and the lenders under EP Energy LLC’s prepetition reserve based credit facility.
Under the DIP Credit Agreement and the Order, a portion of the Prepetition RBL Facility was converted into commitments under the DIP Credit Agreement which provides for a $314,710,456 debtor-in-possession senior secured superpriority revolving credit facility, and the loans , and which includes a letter of credit sublimit of $50,000,000.
The Debtors have received an underwritten commitment from the DIP Lenders to convert their DIP Loans and their remaining claims under the Prepetition RBL Facility into a $629,420,912 exit senior secured reserve-based revolving credit facility subject to certain conditions set forth therein, which will be evidenced by a senior secured revolving credit agreement, by and among EP Energy LLC, as borrower, the lenders party thereto from time to time, and JPMorgan Chase Bank, N.A., as administrative agent.
EP Energy LLC will use the proceeds of the DIP Facility for, among other things, (i) the acquisition, development and exploration of oil and gas properties, for working capital and general corporate purposes, (ii) the payment of professional fees as provided for in the Order, (iii) the payment of expenses incurred in the administration of the Chapter 11 Cases or as permitted by the certain orders and (iv) payments due thereunder or under the Order.
The maturity date of the DIP Facility is the earlier of (a) November 25, 2020, (b) the effective date of an “Acceptable Plan of Reorganization” (as defined in the DIP Credit Agreement), (c) the closing of a sale of substantially all of the equity or assets of EP Energy LLC (unless consummated to an Acceptable Plan of Reorganization), or (d) the termination of the DIP Facility during the continuation of an event of default.
The DIP Loans will bear interest at a rate per annum equal to (i) adjusted LIBOR plus an applicable margin of 3.50% or (ii) an alternative base rate plus an applicable margin of 2.50%, in each case, as selected by EP Energy LLC. Any undrawn delayed draw term loans will be subject to an undrawn fee at a rate per annum equal to 0.50%.
The DIP Facility is secured by a senior secured superpriority perfected security interest on substantially all assets of EP Energy LLC and any subsidiary guarantors. The security interests and liens
I got a weird email from an attorney about this case a while back and a moment ago. Not sure how they got my info unless iHub was hacked.
They are trying to scare me into selling and said I better do it now because I’m going to get nothing.
There is something odd going on here. Weird emails, filings, price action...think something is cooking here.
$4m market cap vs. Billions Assets/Sales
You can say that again. People just don't read or don't understand what they are reading.
I would agree with that
Everyone fears a BK stock, so most don't read the filings and see what's in store.
They end up chasing later...paying a huge premium.
either way looks like nothing other than a volume jolt will get any attention to this one..the market doesn't seem to think there is much to be had here.
imho
mj
The cash was really low as is in we were trading last week a the cash settlement was all that was happening.
I don’t know if it’s a formality with Texas Bk, but that state alway helps oil companies and very business friendly(lots of laws to protect business there).
Maybe it was to clear the books. Maybe they can’t legally do a reverse spilt in BK.
But it does appear to be a company wants to go private to me. Said so in BK. It was smart of them to leverage Texas state law to wipe out billions in debt before going private.
Great time to load up.
cash and a share in the new co? Seems if it was anything like that it would be one or the other?
imho
mj
The way I read bankruptcy docs (the last 4th amended version) is this.
You get a cash settlement.
Old shares get converted to new prorated plan.
Company goes private.
Should see .025+ today, perhaps even .03, but .03 is a key resistance. It's coming soon.
No clue...if there is any way commons survive..even if they reverse split it after all these funds getting all these shares...I'd have to believe the price should be a bit north of here..lol
imho
mj
MULTI-DOLLARS VERY POSSIBLE....DEFINITELY A BIG OIL COMPANY !!
Where is this headed today .... any guesses?
Northshore what's the deal here?
Are people waiting for the disclosure statement on the 26th?
Will that doc specify the reorg plan and what happens to existing retail holders?
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