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wish I had the time and resources to go deep behind the scenes of what goes on with why judges / SEC do what they do to retail investors. I often wonder what benefit there really is to halting stocks when they don't file etc.
the retail investor loses, the company loses, and all those millions invested disappear into hot air. All in the name of "protecting investors"
just let people trade on the free market. SEC gtfo
Yes MakinBank, ANY MBA course, or Highschool economics class, will teach you, Share ownership in a company, is part ownership in that corporation, and when you invest your $$$ into that company, they issue you share certificates or similar to prve such.
barnsalvage, folks like you need a swift kick in the ###**** !!
You are nothing. Contribute nothing GOOD to the economy or society. I am a business owner and folks like you are of the same pondscum as A.O.C. and her Hate America schemes..
I agree- Millions of others do too...
Any MBA program will say same thing, yet the opposite happens time & again. CEO's and friends seem to strip all value out of a company, walk away, being rewarded in doing so !!!??? WTF going on in America to see such corporate structures like this today??? Not how this Country used to once be...
yes sickening indeed. I don't understand why investors have to beg a judge, such as in the JC penny case not to write them off. Investors should own a share of the company. That is the definition of a share. Even after they restructure the investor should still have shares for whatever they will be worth. But what we are seeing is that judges/SEC have extreme disregard for the hard earned money of investors. Indeed halting a stock is just that. they need to go after the executives and not halt a stock and destroy the innocent shareholders. A very basic concept that is overlooked and ignored which shows how much corruption there is and disdain for the retail investor even in the eyes of Judges.
MakinBank, it's just sickening what happens as another investor posted on another board; how despite what SEC / FINRA state their jobs are, the opposite seems to occur far too often destroying shareholder investors of said corps, yet the executives run company into ground and get rewarded??
They ought to get rid of all MBA programs the way I see it. NONE of them are what goes on in the the real world or that a CEO's 1st responsibility is to the company & its Shareholders...
I think I overlooked that one now what?
only good for a write off now?
Yes, so what was the purpose of the damn Opt Out form sent to Shareholders of record???
Another sad situation... Will take me over 10 years to be able to writeoff this loss if I even live that long ! This has got to end with corp Insiders & corrupt practices, who leave/exit still $millionaires while Shareholders get ruined...
i think your question has been answered.
what happened to the commons here, huh?
E*TRADE just issued a cusip number. Shares no longer trading.
FELPQ (and FEGYW Warrants) BK PLAN effective at 8:48 A.M. All shares cancelled:
https://otce.finra.org/otce/dailyList?viewType=Deletions
Thanks will look it up!
gonz I read yesterday's 3 SEC filings. SO what was purpose of the Opt Out doc Shareholders' received late may/early June ???
This entire fiasco mad no sense any more than what's now going on over at JCP, except much traction been realized and found there on their C11 to where Shareholders' Equity now is being valued and internal corruption efforts by management being found out and Judge wants everything aired in open !
80baja, my office computer is down and I am working on remote laptop. We had major power grid failure other night here in central NC and main computer is screwed up bad. If they can restore its functions, I will try to paste doc here for all to see, etc.
But when I received my Opt Out doc, it said to contact brokerage. When I called TD, they told us they have no "bankruptcy department" and nothing to do with any company once they file any BK, and advised their clients who received such doc, to contact transfer Agent for FELP regarding the Opt Out. Regardless, there was a deadline which I believe was June 12th or 16th to which Shareholders were to snail mail back with signatures ONLY, they would not take scanned or emailed doc...??
I just read 3 SEC filings (FELPQ) from yesterday and not groovy about them, I think entire management needs to be investigated, similar to what's being said regarding the JCP C11 scenario too... At time of FELP's April filing, I held over 110,000 shares of stock in that company.
Never received an opt out doc.
well then to your post, did anyone sign the Opt Out docs sent to Shareholders from ProxyVote.com??? If you didn't sign them, then you are saying it was OK for them to screw you up the butt !
They had to be mailed in to Foresight dated by June 12th or thereabouts...
This is nuts to read ! Soundslike listening to Dr. Fauci....
Maybe they should take heed from JCP's reorg as an equity committee exists there, Judge demanding Shareholders ger attention and that company's stock valuation 11.25 in court records- Their problem is corrupt management that many believe will soon be used as example of NO MORE white collar corp greed. CEO and staff lied in SE filings trying to show JCP value much less than it truly is...
$FELPQ Foresight Announces Implementation of Reorganization Plan
Press Release | 06/30/2020
Foresight Energy LP (“Old Foresight”) announced today that it has consummated its chapter 11 plan of reorganization (the “Plan”).
In connection with consummation of the Plan on June 30, 2020 (the “Effective Date”), all of Old Foresight’s assets with exception of Foresight Energy LP, Foresight Energy GP LLC, and Foresight Energy LLC (but otherwise including such entities’ assets) were transferred to Foresight Energy Operating LLC, a newly formed Delaware limited liability company that is wholly-owned by Foresight Energy Resources LLC, a Delaware limited liability company. Foresight Energy LP, Foresight Energy GP LLC, and Foresight Energy LLC will be dissolved. Foresight Energy Resources LLC (together with its direct and indirect subsidiaries, “Foresight”) is the new parent company for Old Foresight’s non-dissolving subsidiaries and go-forward business.
Pursuant to the Plan, Foresight discharged over $1 billion of indebtedness and eliminated approximately $94 million of anticipated annual cash interest payments, plus additional reductions in annual cash flow expenses through modified contractual terms with key logistics, mineral interest, and vendor counterparties. Holders of Old Foresight’s limited partnership units received no recovery under the Plan. Additionally, pursuant to the Plan, Foresight has emerged from chapter 11 with only $225 million in secured exit facility loans (the “Exit Facility”), $75 million of which will convert to equity 60 days following the closing of the Exit Facility, and will have approximately $65 million in cash liquidity.
“We are thankful to our many stakeholders, including our creditors, employees, customers, vendors, trade creditors, and key contract counterparties, for their continued support. With their cooperation, we have been able to implement our reorganization plan within four months of entering chapter 11. As a result of this support, we have achieved a capital structure that provides our very productive and low cost mining operations the ability to aggressively compete domestically and globally in a very competitive coal market. We look forward to the future under our new ownership and capital structure,” said Robert D. Moore, Chief Executive Officer.
Foresight’s Plan and the order of the Court confirming the Plan were previously provided in a Current Report on Form 8-K to be filed with the Securities and Exchange Commission (the “SEC”) on June 24, 2020, which can be viewed on the SEC’s website at http://www.sec.gov. Additional information is available by calling (833) 991-0977 (toll free) or (503) 597-7679 (international). Court filings and other information related to the court-supervised proceedings are available at a website administered by Foresight’s claims agent, Prime Clerk LLC, at https://cases.primeclerk.com/foresightenergy.
About Foresight
Foresight is a leading producer and marketer of thermal coal controlling nearly 2.1 billion tons of coal reserves in the Illinois Basin. Foresight operates three longwall mining complexes with four longwall mining systems and the Sitran river terminal on the Ohio River. With the resumption of longwall mining at Hillsboro, Foresight has idled continuous miner production at its Macoupin complex. Foresight’s operations are strategically located near multiple rail and river transportation access points, providing transportation cost certainty and flexibility to direct shipments to the domestic and international markets. Foresight is headquartered in St. Louis, Missouri.
Cautionary Statement Regarding Forward-Looking Statements
Statements contained in this press release, and oral statements made from time to time by our representatives, that express a belief, expectation or intention, as well as those that are not historical fact, are forward-looking statements made in good faith that are subject to risks, uncertainties and assumptions. These forward-looking statements are based on our current beliefs, intentions, and expectations. Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions, future events or performance (often, but not always identifiable by the use of the words or phrases such as “will result,” “expects to,” “will continue,” “anticipates,” “plans, “intends,” “estimated,” “projects,” “target,” “goal,” and “outlook”) are not historical facts and may be forward-looking and, accordingly, such statements involve estimates, assumptions and uncertainties which could cause actual results to differ materially from those expressed in these forward-looking statements. Our actual results, performance or achievements could differ materially from those we express in the foregoing discussion as a result of a variety of factors. We have discussed many of these factors in more detail in our Annual Report on Form 10-K for the year ended December 31, 2019, including under the heading “Risk Factors” in Item 1A. In addition, our actual results could be affected by the risks and uncertainties relating to the Plan, including but not limited to, (i) the ability of the Company and its subsidiaries to achieve the expected benefits of the transactions contemplated by the Plan, (ii) the effects of the Company’s bankruptcy on the Company and on the interests of various constituents, (iii) the Company’s ability to maintain customer and/or vendor relationships that are essential to the Company’s operations, and (iv) the Company’s ability to retain key executives and employees. These factors are not necessarily all the important factors that could affect us. Other unpredictable or unknown factors could also have material adverse effects on actual results of matters that are the subject of our forward-looking statements. All forward-looking statements speak only as of the date on which they are made and we undertake no obligation to publicly update or revise any forward-looking statements whether as a result of new information, future events or otherwise. We advise readers that they should (1) recognize that important factors not referred to above could affect the accuracy of our forward-looking statements and (2) use caution and common sense when considering our forward-looking statements.
View source version on businesswire.com: https://www.businesswire.com/news/home/20200630006124/en/
+1 yessir. your post= 100% exact same as i received. no mods or deletion.
Gonz is a straight up liar and true piece of shit for accusing someone else of wrongdoing
Do your own research you piece of shit
Link to the news I posted »» https://www.otcmarkets.com/stock/FELPQ/news/Foresight-Announces-Confirmation-of-Plan-of-Reorganization?id=265850
Press Release | 06/24/2020
Foresight Energy LP (“Foresight”) announced today that the United States Bankruptcy Court for the Eastern District of Missouri has issued an order confirming Foresight’s chapter 11 plan of reorganization (the “Plan”).
The Plan provides for the reduction of over $1 billion of Foresight’s existing indebtedness and the elimination of approximately $94 million of Foresight’s anticipated annual cash interest payments, plus additional reductions in annual cash flow expenses through modified contractual terms with key logistics, mineral interest, and vendor counterparties. Holders of Foresight’s limited partnership units will not receive any recovery under the Plan. Additionally, pursuant to the Plan, Foresight will emerge from chapter 11 with only $225 million in secured exit facility loans (the “Exit Facility”), $75 million of which will convert to equity 60 days following the closing of the Exit Facility, and will have approximately $60 million in cash liquidity.
“We are thankful to our many stakeholders, including our creditors, employees, customers, vendors, trade creditors, and key contract counterparties, for their continued support. With their cooperation, we have been able to achieve confirmation within four months of entering chapter 11. I count this as a tremendous accomplishment,” said Robert D. Moore, Chief Executive Officer. “We are working expeditiously to timely implement the Plan, and we look forward to emerging from the chapter 11 process in the coming weeks.”
Foresight’s Plan and the order of the Court confirming the Plan will be provided in a Current Report on Form 8-K to be filed with the Securities and Exchange Commission (the “SEC”), which can be viewed on the SEC’s website at http://www.sec.gov or Foresight’s website after filing. Additional information is available by calling (833) 991-0977 (toll free) or (503) 597-7679 (international). Court filings and other information related to the court-supervised proceedings are available at a website administered by Foresight’s claims agent, Prime Clerk LLC, at https://cases.primeclerk.com/foresightenergy.
About Foresight
Foresight is a leading producer and marketer of thermal coal controlling nearly 2.1 billion tons of coal reserves in the Illinois Basin. Foresight operates three longwall mining complexes with four longwall mining systems and the Sitran river terminal on the Ohio River. With the resumption of longwall mining at Hillsboro, Foresight has idled continuous miner production at its Macoupin complex. Foresight’s operations are strategically located near multiple rail and river transportation access points, providing transportation cost certainty and flexibility to direct shipments to the domestic and international markets. Foresight is headquartered in St. Louis, Missouri
Copy and pasted, I would never leave anything out. Exactly what everyone else stated about you is so true though.
Based on that, is it possible our shares might retain some value? TIA.
JMHO
$FELPQ
What you are claiming is NOT correct. Here is the link:
https://www.otcmarkets.com/stock/FELPQ/news/Foresight-Announces-Confirmation-of-Plan-of-Reorganization?id=265850
buyer beware! read the pr from the link and not this altered press content that removes the important statement that commons get nothing under the bk plan for felpq.
$FELPQ Emerging NEWS »» Foresight Announces Confirmation of Plan of ReorganizationPress Release | 06/24/2020
Foresight Energy LP (“Foresight”) announced today that the United States Bankruptcy Court for the Eastern District of Missouri has issued an order confirming Foresight’s chapter 11 plan of reorganization (the “Plan”).
The Plan provides for the reduction of over $1 billion of Foresight’s existing indebtedness and the elimination of approximately $94 million of Foresight’s anticipated annual cash interest payments, plus additional reductions in annual cash flow expenses through modified contractual terms with key logistics, mineral interest, and vendor counterparties. Holders of Foresight’s limited partnership units will not receive any recovery under the Plan. Additionally, pursuant to the Plan, Foresight will emerge from chapter 11 with only $225 million in secured exit facility loans (the “Exit Facility”), $75 million of which will convert to equity 60 days following the closing of the Exit Facility, and will have approximately $60 million in cash liquidity.
“We are thankful to our many stakeholders, including our creditors, employees, customers, vendors, trade creditors, and key contract counterparties, for their continued support. With their cooperation, we have been able to achieve confirmation within four months of entering chapter 11. I count this as a tremendous accomplishment,” said Robert D. Moore, Chief Executive Officer. “We are working expeditiously to timely implement the Plan, and we look forward to emerging from the chapter 11 process in the coming weeks.”
Foresight’s Plan and the order of the Court confirming the Plan will be provided in a Current Report on Form 8-K to be filed with the Securities and Exchange Commission (the “SEC”), which can be viewed on the SEC’s website at http://www.sec.gov or Foresight’s website after filing. Additional information is available by calling (833) 991-0977 (toll free) or (503) 597-7679 (international). Court filings and other information related to the court-supervised proceedings are available at a website administered by Foresight’s claims agent, Prime Clerk LLC, at https://cases.primeclerk.com/foresightenergy.
About Foresight
Foresight is a leading producer and marketer of thermal coal controlling nearly 2.1 billion tons of coal reserves in the Illinois Basin. Foresight operates three longwall mining complexes with four longwall mining systems and the Sitran river terminal on the Ohio River. With the resumption of longwall mining at Hillsboro, Foresight has idled continuous miner production at its Macoupin complex. Foresight’s operations are strategically located near multiple rail and river transportation access points, providing transportation cost certainty and flexibility to direct shipments to the domestic and international markets. Foresight is headquartered in St. Louis, Missouri.
I was about to post similar to your Q as well...
Holders of Foresight’s limited partnership units will not receive any recovery under the Plan. Is this us?
$FELPQ
Foresight Announces Confirmation of Plan of Reorganization
Press Release | 06/24/2020
Foresight Energy LP (“Foresight”) announced today that the United States Bankruptcy Court for the Eastern District of Missouri has issued an order confirming Foresight’s chapter 11 plan of reorganization (the “Plan”).
The Plan provides for the reduction of over $1 billion of Foresight’s existing indebtedness and the elimination of approximately $94 million of Foresight’s anticipated annual cash interest payments, plus additional reductions in annual cash flow expenses through modified contractual terms with key logistics, mineral interest, and vendor counterparties. Holders of Foresight’s limited partnership units will not receive any recovery under the Plan. Additionally, pursuant to the Plan, Foresight will emerge from chapter 11 with only $225 million in secured exit facility loans (the “Exit Facility”), $75 million of which will convert to equity 60 days following the closing of the Exit Facility, and will have approximately $60 million in cash liquidity.
“We are thankful to our many stakeholders, including our creditors, employees, customers, vendors, trade creditors, and key contract counterparties, for their continued support. With their cooperation, we have been able to achieve confirmation within four months of entering chapter 11. I count this as a tremendous accomplishment,” said Robert D. Moore, Chief Executive Officer. “We are working expeditiously to timely implement the Plan, and we look forward to emerging from the chapter 11 process in the coming weeks.”
Foresight’s Plan and the order of the Court confirming the Plan will be provided in a Current Report on Form 8-K to be filed with the Securities and Exchange Commission (the “SEC”), which can be viewed on the SEC’s website at http://www.sec.gov or Foresight’s website after filing. Additional information is available by calling (833) 991-0977 (toll free) or (503) 597-7679 (international). Court filings and other information related to the court-supervised proceedings are available at a website administered by Foresight’s claims agent, Prime Clerk LLC, at https://cases.primeclerk.com/foresightenergy.
About Foresight
Foresight is a leading producer and marketer of thermal coal controlling nearly 2.1 billion tons of coal reserves in the Illinois Basin. Foresight operates three longwall mining complexes with four longwall mining systems and the Sitran river terminal on the Ohio River. With the resumption of longwall mining at Hillsboro, Foresight has idled continuous miner production at its Macoupin complex. Foresight’s operations are strategically located near multiple rail and river transportation access points, providing transportation cost certainty and flexibility to direct shipments to the domestic and international markets. Foresight is headquartered in St. Louis, Missouri.
Cautionary Statement Regarding Forward-Looking Statements
Statements contained in this press release, and oral statements made from time to time by our representatives, that express a belief, expectation or intention, as well as those that are not historical fact, are forward-looking statements made in good faith that are subject to risks, uncertainties and assumptions. These forward-looking statements are based on our current beliefs, intentions, and expectations. Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions, future events or performance (often, but not always identifiable by the use of the words or phrases such as “will result,” “expects to,” “will continue,” “anticipates,” “plans, “intends,” “estimated,” “projects,” “target,” “goal,” and “outlook”) are not historical facts and may be forward-looking and, accordingly, such statements involve estimates, assumptions and uncertainties which could cause actual results to differ materially from those expressed in these forward-looking statements. Our actual results, performance or achievements could differ materially from those we express in the foregoing discussion as a result of a variety of factors, including the effects on our business of the filing for, and emergence from, chapter 11 bankruptcy protection. We have discussed many of these factors in more detail in our Annual Report on Form 10-K for the year ended December 31, 2019, including under the heading “Risk Factors” in Item 1A. These factors are not necessarily all the important factors that could affect us. Other unpredictable or unknown factors could also have material adverse effects on actual results or matters that are the subject of our forward-looking statements. All forward-looking statements speak only as of the date on which they are made and we undertake no obligation to publicly update or revise any forward-looking statements whether as a result of new information, future events or otherwise. We advise readers that they should (1) recognize that important factors not referred to above could affect the accuracy of our forward-looking statements and (2) use caution and common sense when considering our forward-looking statements
Barnovage everyone is different. Right now JCP has Shareholder Equity Committee in place which Judge reiterated will be heard and dealt with as there are over 10 million global investors of their stock and valuations as high as $11.85/share; and the CEO and her top gang all look to be going under serious scrutiny and possible securities violations (IMHO) as to their behavior hours up to actually filing that C11 BK, when in fact, they are not insolvent, have approx $8 Billion + assets and around $4 Billion total debt is all... Something wrong there, but Judge is moving fast to get to bottom of that.
Here for FELP, seems they keep putting off court dates, etc and management here (Like we shareholders suspect of JCP) are corrupt/crooked, and are being sought out for damages they have done to said companies under their reign...
FELP tries to move up, then gets shorted down fast every time...
Not always. There are reasons this keeps getting pushed back in court. Look at JCP recently, and new facts out Court Judge sees and facts CEO and gang lied to them about...
Again, FELP was never insolvent either (like JCP), and under C11 rules you must be insolvent to claim BK protections under Federal law. Felp wa sno more insolvent than JCP.
I think we are finally in a place in America, where white collar corporate greed will finally be addressed for good of all American jobs as well as Shareholders of those companies... We will see...
Opt-Out agreement sent by proxyvote.com to all Shareholders. I signed & checked box on ours and sent to PrimeClerk.com already with registered receipt attached.
Shareholders make sure you sign & mark the Opt-Out agreements sent, or you will be left out of $$$ in this matter. Deadline to receive same is 4:00PM CST June 16, 2020...
Like JCP, FELP was NEVER insolvent, and major point of any C11 case, is a company must be "insolvent" prior any BK filing. Lies abound here with management, just like with JCP's management, to the court, and Justice will prevail for all IMHO.
Not always Barnovage. I listened to that May 28th hearing and Judge as well as lawyer for JCP and Shareholder who was on line with questions for that Judge. Judge instructed that man how to form Shareholder Equity Committee and gave him direct email to DOJ lawyer who can facilitate that at no cost even...
Corporate Action Notice out from proxyvote.come for Shareholders...
No one ever loses equity in a bankruptcy case. Equity gets lost long before the bankruptcy gets filed.
jcp judge this morning. lol. losers. but look youre up 18% on the day lol. how much you down full investment?
This Country is a real bad place to see what's going on everywhere, from covid fear threats to destroying US companies...
A new paradigm shift needs to take place soon...
K-1 (FORM 1065) update
Did anybody have any problems with this? Did your CPA use the 1099 info from TD Ameritrade or the K-1 (1065) Form?
it sounds to me like the companies and now judges are all ok with screwing retail
Hey I and many others asking same thing. Look at JC Penney now, filed C11 without notice, now ticker JCPNQ, and Shareholder meeting there set for today now postponed??? THEY Got an entire financing deal on books, wiped out most debts in fact, put assets in major REIT managed now by the lenders, then Top Execs got $10M advanced bonuses to stay on, then they paid $17 Million note pmt due last Friday afternoon, and late on Friday night last week, they announced they filed CII...??? !!!
Nothing makes sense anymore out there...
In fact JCP within 3 day period last week, already achieved what FELP still has not with courts or a Judge over many months still! In fact, Last Saturday Judge came in to establish 1st hearing already. Very nice and cozy and unbelievably speedy like nobody ever saw before... Many want investigation into entire matter...
in english what does all this mean? the heck are we waiting on now? the company makes $100M and it is still in BK?
NOTICE OF ADJOURNMENT AND CONTINUANCE OF HEARING
PLEASE TAKE NOTICE that the hearing on the following:
? Debtors’ Motion for Entry of an Order (A) Approving the Adequacy of the Disclosure Statement and Solicitation Procedures, (B) Scheduling a Hearing on Confirmation of the Plan, (C) Establishing Procedures for Objecting to the Plan, (D) Approving the Form, Manner, and Sufficiency of Notice of the Confirmation Hearing, and (E) Granting Related Relief [Docket No. 270]
(the “Motion”), previously scheduled for May 14, 2020 at 10:00 a.m. (Central Time), is
adjourned and continued to May 20, 2020 at 10:00 a.m. (Central Time) in Courtroom 7
North of the Thomas F. Eagleton United States Courthouse, 111 South Tenth Street, St. Louis,
Missouri 63102. Please be advised that the hearing on the Motion will be conducted
telephonically through Court Solutions, which may be accessed at https://www.court
solutions.com/. If you are unable to access the conference call via the link above, please
promptly contact Mr. John Howley at John_Howley@moeb.uscourts.gov prior to the hearing.
WARNING: THE MOTION SEEKS ENTRY OF AN ORDER THAT MAY ADVERSELY AFFECT YOU. IF YOU DO NOT WANT THE COURT TO GRANT RELIEF REQUESTED THEREIN, YOU OR YOUR ATTORNEY MUST ATTEND THE HEARING. IF YOU OR YOUR ATTORNEY DOES NOT ATTEND THE HEARING, THE COURT MAY GRANT THE RELIEF REQUESTED THEREIN.
IF YOU OPPOSE THE MOTION AND HAVE NOT REACHED AN AGREEMENT PRIOR TO THE HEARING, YOU MUST ATTEND THE HEARING. THE TIME, DATE,
Case 20-41308 Doc 429 Filed 05/12/20 Entered 05/12/20 21:59:27 Main Document Pg 1 of 2
-2-
AND LOCATION OF THE HEARING ARE SET OUT ABOVE. UNLESS THE PARTIES AGREE OTHERWISE, THE COURT MAY CONSIDER EVIDENCE AT THE HEARING AND MAY DECIDE THE MOTION AT THE HEARING.
REPRESENTED PARTIES SHOULD ACT THROUGH THEIR ATTORNEYS.
Dated: May 12, 2020 St. Louis, Missouri
Respectfully submitted,
ARMSTRONG TEASDALE LLP
/s/ Richard W. Engel, Jr. Richard W. Engel, Jr. (MO 34641) John G. Willard (MO 67049) Kathryn R. Redmond (MO 72087) 7700 Forsyth Boulevard, Suite 1800 St. Louis, Missouri 63105 Tel: (314) 621-5070 Fax: (314) 621-5065 Email: rengel@atllp.com jwillard@atllp.com kredmond@atllp.com - and -
PAUL, WEISS, RIFKIND, WHARTON & GARRISON LLP Paul M. Basta (admitted pro hac vice) Alice Belisle Eaton (admitted pro hac vice) Alexander Woolverton (admitted pro hac vice) 1285 Avenue of the Americas New York, New York 10019 Tel: (212) 373-3000 Fax: (212) 757-3990 Email: pbasta@paulweiss.com aeaton@paulweiss.com awoolverton@paulweiss.com
Counsel to the Debtors and Debtors in Possession
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With nearly 2.1 billion tons of coal reserves, we are among the largest holders of coal reserves in the United States and our reserves can support over 75 years of production at our current production level. We operate four mining complexes in the Illinois Basin.
Two of our mining complexes use highly efficient longwall mining systems. This highly productive mining method coupled with the favorable geology of our coal has resulted in our mines being among the safest, most productive and lowest cost underground coal mines in the United States.
Contacts
Cody E. Nett
Corporate Secretary
314-932-6105
Investor.relations@foresight.com
Cody.Nett@coalsource.com
JAVELIN GLOBAL COMMODITIES
https://www.javelincommodities.com/news/new-commodities-trading-enterprise-launched
https://www.youtube.com/watch?v=kSeJWoCZXCE
11/20/2019 Article - Analyst predicts $3.00 short term - https://marketseat.info/2019/11/20/is-it-time-to-watch-stock-foresight-energy-lp-nysefelp/
https://www.sj-r.com/news/20191210/council-members-consider-extension-of-cwlp-coal-contract
Article date 12/10/2019 showing Foresight bidding for a 5 year contract worth upwards of $200 million for the city of Springfield utitlities. Competing directly with Arch Coal, but Foresight has bid $2.72 / per ton lower than Arch Coal.
Why is Foresight Energy able to bid so low?
Because we have the lowest production costs in the United States.
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