Intelsat S.A. (fka INTEQ)

[Renee]

INTEQ: Bankruptcy Plan Effective/Shares Cancelled

https://otce.finra.org/otce/dailyList?viewType=Deletions

[DeadBatBounce]

(a) Classification: Class J3 consists of all Interests in Intelsat.

(b) Treatment: No distributions shall be made under the Plan in respect of Interests in Intelsat. On the Effective Date, Holders of Interests in Intelsat shall have their Interests in Intelsat diluted and extinguished by the equity distributions made pursuant to the Plan and shall receive no distribution on account of their Interests. Holders of Interests may receive a de minimis Cash payment in lieu of any fractional interest retained.

(c) Voting: Class J3 is Impaired under the Plan. Holders of Allowed Interests are conclusively presumed to have rejected the Plan pursuant to section 1126(g) of the Bankruptcy Code. Holders of Allowed Interests in Intelsat are not entitled to vote to accept or reject the Plan.

Your old shares will be wiped out; you will receive new shares in place of your old ones at the diluted rate. Example, if you own 1000 shares they may take 1/3 of those for the dilution rate. You're left with 666 shares of the new company. The fractional shares would be in cash (de-minimis or of little value), as a fractional share would be worthless. It may take years to recover your losses; but there is still hope.

[DCorleone]

BOOM or BUST. Inteq

[fastlane2000]

is it time to get in on these lows

[Taurus69]

$inte $0.46 v -0.0098 (-2.09%)
Volume: 376,252 @03/19/21 3:55:16 PM EDT

[Taurus69]

$inte $0.46 v -0.03 (-6.12%)
Volume: 1,370,765 @02/19/21 3:59:54 PM EST

[fastlane2000]

rbtree THanks i have seen this scenario before i will just put this in my bad trade bin gltu

[Ferda]

Agree with all statements.. but watching here because.. this companys business and assets has deep value imo.

[rbtree]

Doesn't look likely. See https://investorshub.advfn.com/boards/read_msg.aspx?message_id=161795281

So, 100% of the authorized but unissued common shares will be issued under the Plan. They also get a lot of warrants, which will further dilute the existing common shareholders. According to the current articles, the company's authorized is 1 billion common shares with 142 million outstanding. So, 858 million new common shares will be issued, thus diluting existing shareholders down by 83.5% before the warrants are issued.

[rbtree]

See this for a good idea... Doesn't look promising...at all...

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=161795281

[DCorleone]

Have Same Exact amount on the INTEQ Craps Table! GLTU

[DeadBatBounce]

Good Luck! There's still hope that the plan will be contested; I'm just holding on to my 20K shares and not buying anymore. You win some, you try to lose less; that's the game.

[DCorleone]

No Bought 10k More at .39. Gambling

[DeadBatBounce]

Why? Did I miss something, or are you being sarcastic?

...Under the proposed plan, Intelsat Jackson unsecured debt holders will receive 95% of the company’s new shares, which translates to a recovery of about 8.5%, according to the company’s disclosure statement. ICF holders would get 3.043% of new shares and LuxCo holders would received 1.957%. Unsecured creditors will also be entitled to warrants to purchase additional equity.

Shareholders Wiped

Existing shareholders will be wiped out, and the company’s term loan lenders and first-lien note holders are entitled to cash payments for a nearly 100% recovery. The company will receive a new $750 million secured credit facility...

[DCorleone]

just bought 10 k

[willlbone]

Be brave buy the dip.

[Ferda]

$$$$$

[fastlane2000]

ANYBODY have any ideals where this is headed long term?????

[Taurus69]

$inte $0.69 v -0.035445 (-4.89%)
Volume: 611,498 @01/29/21 3:58:37 PM EST

[mikey4]

50 day now above the 200 day eom

[ReadyToRumble]

Up .35(55%) to .95 at the moment, and even hit 1.00 briefly. Let's see where this little pop takes us! Good luck to longs!

[h23]

How do you figure $1? and what makes you think we won't be wiped out?

[h23]

How do you figure $1? and what makes you think we won't be wiped out?

[DeadBatBounce]

...anticipating common shares will not be wiped out after Ch.11. An estimate of at least $1/share once it's over.

[slow trolling]

Auction is over and a lot of money in play, IMO INTEQ is set to blast off

[Taurus69]

$inte $0.5055 v -0.0045 (-0.88%)
Volume: 168,285 @01/06/21 3:59:25 PM EST

[Taurus69]

$inte $0.6 v -0.05 (-7.69%)
Volume: 481,152 @12/11/20 3:57:44 PM EST

[eom7]

Ready for this to run...

[DUCMAN123]

BUY AND HOLD FOR NEXT WEEK

[Taurus69]

$inte $0.506 v -0.0239 (-4.51%)
Volume: 113,056 @11/17/20 3:58:07 PM EST
Bid Ask Day's Range
0.5025 0.52 0.49 - 0.53

[Taurus69]

$inte $0.522 v -0.0028 (-0.53%)
Volume: 336,510 @11/09/20 3:59:43 PM EST

[Taurus69]

$inte $0.63 v -0.0024 (-0.38%)
Volume: 1,000,859 @10/23/20 4:11:26 PM EDT

[Nfixus]

Intelsat Pushes Boundaries: Why Delta Air Lines and Africa are Getting Closer

https://pennystocks.news/intelsat-pushes-boundaries-why-delta-air-lines-and-africa-are-getting-closer-inteq/

[Taurus69]

$inte $0.63 v -0.0025 (-0.40%)
Volume: 836,794 @10/02/20 4:03:32 PM EDT

[Taurus69]

$inte $0.625 v -0.024 (-3.70%)
Volume: 526,955 @09/29/20 4:05:49 PM ED

[Don]

Effectively wiped out now... <$1 and they buy another company for $400M...

Several folks need to serve prison time!

[Paradisepam]

They put themselves there to protect themselves from shareholders, stock can't be wiped out or some people are going to prison.

[kittycattttt]

Lets do chp 11 but buy gogo for $400mili
How is this possible

[Taurus69]

$inte $0.5572 v -0.0028 (-0.50%)
Volume: 849,028 @08/26/20 4:00:34 PM EDT

[Majic]

INTEQ closed at .57 today. Very nice move! This should continue its upward trend.

[Taurus69]

$inte $0.465 ^ 0.0025 (0.54%)
Volume: 509,504 @07/31/20 4:07:05 PM EDT

[DeadBatBounce]

The common shares will not be wiped out. It's been 2 months since the CH11 announcement, and yet the price has gone up as much as 6x since then; it is still holding at 4x. The insiders know that the common shares will not be wiped out.

[Taurus69]

$inte $0.4925 ^ 0.0225 (4.79%)
Volume: 1,026,450 @07/17/20 4:05:54 PM EDT

[Taurus69]

$inte $0.525 v -0.0439 (-7.72%)
Volume: 622,070 @07/02/20 3:59:36 PM EDT

[mikey4]

KEIP bonuses approved by judge, stick a fork in this one

[DeadBatBounce]

Commons remain but diluted ~70%; check this out:

$INTEQ Restructuring Plan @INTELSAT @IntelsatIR @caetuscap @Kirkland_Ellis @BoulderPreston @pbdes @AjitPaiFCC #CyrusCapitalPartners #Appaloosa #DavidTepper #OneWeb #Softbank @KerrisdaleCap @realwillmeade @PJTPartners @SenJohnKennedy @samerhalawi https://t.co/jnefKybmag

— NeonVestor (@NeonVestor) June 29, 2020

This will drive shares $1+ before Ch11 is complete!

[Taurus69]

$inte $0.6999 ^ 0.0099 (1.43%)

[hat12trick]

Does not appear to be too much of a disruption to business as usual...

[hat12trick]

https://spaceflightnow.com/2020/06/16/intelsat-ses-purchase-10-c-band-communications-satellites-from-u-s-manufacturers/

[hat12trick]

https://advanced-television.com/2020/06/10/intelsat-wins-access-to-1bn/