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Doesn't say anything, those are just "Definitions".
I don't see a plan. What Docket # is that?
"There are a few reasons that the investors in PG&E’s stock aren’t cutting and running now."
https://www.barrons.com/articles/chevron-stock-exxon-goldman-sachs-51548777898
There will be news/articles announcing when NYSE will delist.
Or you can keep watch here:
https://www.nyse.com/regulation/delistings
https://www.nyse.com/regulation/noncompliant-issuers
But, it looks like saga continues... Here's an Analyst who thinks that Chapter 11 request may not get approved.
https://www.benzinga.com/analyst-ratings/analyst-color/19/01/13056266/morgan-stanley-6-questions-for-pg-e-after-utilitys-bank
Analyst Stephen Byrd reiterated an Equal-Weight rating on PG&E with a $17.50 price target.
The Thesis
A high probability exists that the court will reject PG&E’s filing given that it may not comply with bankruptcy law that restricts solvent companies from strategic filings, Byrd said in a Tuesday note.
“We believe there is a meaningful probability that a court would reject a PG&E Chapter 11 filing on the ground that the company is solvent and that PG&E is filing Chapter 11 to achieve tactical litigation advantages,” the analyst said.
They plan to stay in BK for 2 years. Enough time to eventually list on OTC.
Don't know about the "D", but because the stock has already fallen to $5, very possible it can fall below $2 and delist.
oh yea, NYSE
you mean Chapter 11, not 13
Will only trade on OTC if it falls below $2, otherwise could continue trading on NASDAQ throughout BK.
More info here...
https://twu514.org/blog/2018/01/
Equity Update from TWU International Vice President – Gary Peterson
January 20, 2018 Brothers and Sisters: As a follow up to yesterday’s conference call with TWU Presidents, below is a summary of the plan that has now been agreed upon between TWU and American Airlines, with respect to the TWU Reserve/Equity fund distribution. The earliest the distribution will be is late May/early June, assuming all…
LOL! That's what a $5.00 cup of coffee and stock advice gets you!
Conclusion:
Docket# 1691 Disclosure Statement:
https://cases.primeclerk.com/breitburn/Home DocketInfo?DockRelatedSearchValue=1691
Under the absolute priority rule, no junior creditor would receive any distributions until all senior creditors are paid in full, and no equity holder would receive any distribution until all creditors are paid in full.
As summarized in the below analysis, the Debtors have determined that upon the Effective Date the Plan will provide all creditors and equity security holders with a recovery (if any) that is not less than what they would otherwise receive pursuant to a liquidation of the Debtors under chapter 7 of the Bankruptcy Code, and therefore believe that the Plan satisfies the requirement of section 1129(a)(7) of the Bankruptcy Code.
The Liquidation Analysis projects that Class 11 (Existing BBEP Equity Interests) Claims will receive no recovery pursuant to the Liquidation Distribution.
January 20, 2018 Post
Hi Everyone! Just checking in. Where's Ralph?
Here's a good resource for Equity Updates. Look at the January 20, 2018 post. Is there anyone with a login to view some of the other articles? Also, does distribution pertain to just employees or shareholders too?
----------------------------------------
https://twu514.org/blog/2018/01/
Equity Update from TWU International Vice President – Gary Peterson
January 20, 2018 Brothers and Sisters: As a follow up to yesterday’s conference call with TWU Presidents, below is a summary of the plan that has now been agreed upon between TWU and American Airlines, with respect to the TWU Reserve/Equity fund distribution. The earliest the distribution will be is late May/early June, assuming all…
Yes! got mine today :)
Nothing in mine yet. I'll check again next week.
Nice! Sounds positive. Let me know if you receive yours...
Really? Where did you read that? That would be a nice gift :)
I think Starbucks guy got fired... lol
LOL! Yea we need those Starbucks stock tips.
Finally some movement! Starbucks coffee just kick in?
Docket # 342
The United States Trustee appoints the following entities to the Official Committee of Equity Security Holders of Adeptus Health, Inc.:
Committee Chair:
Wexford Spectrum Investors LLC Arthur Amron, Vice President 411 West Putnam Avenue Greenwich, CT 06830 203-862-7012 203-862-7312 (facsimile) aamron@wexford.com
Other Committee Members:
Reef Road Capital LLC Richard Kearney 747 Third Avenue, 19th Floor New York, NY 10017 212-257-4498 (office) 914-588-9693 (cell) rk@reefroadcap.com
MarlinPatterson Global Opportunities Master Fund LP Alexander DeFelice 520 Madison Avenue, 35th Floor New York, NY 10022 212-651-9507 (office) 917-533-3872 (cell) 212-651-4011 (facsimile) defelice@matlinpatterson.com
Approved. Docket# 298:
http://document.epiq11.com/document/getdocumentbycode/?docId=3143763&projectCode=ADE
IT IS THEREFORE:
ORDERED that the Equity Committee Motion is hereby GRANTED. It is further
ORDERED that pursuant to 11 U.S.C. § 1102(a)(2), the United States Trustee for Region 6 is directed to appoint an equity committee (the "Equity Committee") in In re Adeptus Health, Inc., Case No. 17-31434.
### End of Order ###
Right now I am playing adptq. I see you on that ihub board too. It's an interesting one, ha? Company owns largest chain of stand alone emergency rooms, have a buyout offer from Deerfield Management, an activist investor (Matlinpatterson Global Advisors) who just purchased 9.8% stake in BK, investor Wexford and Reef, and judge just approved equity committee.
The POR is pretty vague, but the debtors think its "enough information for shareholders to make an informed decision" and are asking for confirmation hearing on August 21, 2017.
http://dm.epiq11.com/#/case/ADE/dockets
Docket #15
"4.8 Class 8: Existing Equity Interests.
(a) Treatment: On the Effective Date, the Existing Equity Interests shall be cancelled without further action by or order of the Bankruptcy Court, except to the extent that such Existing Equity Interests must survive to allow the Deerfield Parties to enjoy the full benefit of the Debtors’ assets or to operate their business."
I personally like the part "Equity Interests must survive..." Sounds to me like we'll keep all our shares. The stock has already run from $.20 to $2.00. Probably mostly because of Matlinpatterson's 9.8% purchase. It's been holding very steady at $2. I'm surprised there's not much activity on the ihub board, which I guess is good that there are no pumpers/dumpers there, lol.
$4.00? Where did you hear that? I only got $.74. Unless there's more coming that I don't know about.
Keep me posted, let me know if you ever see your deposit. I'll do the same.
There's still a glimmer of hope. I wonder how/when we find out if there will be cash available?
Docket#309
(c) Treatment: The holders of Existing Azure Interests shall not receive or retain any property under the Plan on account of such Interests; provided, however, that at such time as all Allowed Claims in Classes 1, 2, 3, and 4 have been satisfied in full in accordance with the Bankruptcy Code and the Plan, each holder of an Existing Azure Interest shall receive its pro rata share of any remaining Available Cash.
I am still holding "shares" from BK.
Oich, I can't find any info on this... Where did you find it?
Confirmation Hearing on 08/21/2017? Docket# 321
Debtors request the Court to set by this Motion:
(a) July 10, 2017: Record date for voting on the Plan;
(b) Four business days after entry of an order approving this Motion or as soon as reasonably practicable thereafter: Deadline for serving solicitation packages;
(c) July 21, 2017: Deadline to file motions to estimate claims;
(d) August 7, 2017: Deadline to file the Plan Supplement (as defined in the Plan);
(e) August 11, 2017: Deadline to file responses to motions to estimate claims;
(f) August 14, 2017: Voting deadline and deadline to file objections to the Plan;
(g) August 17, 2017: Deadline for hearings on motions to estimate claims;
(h) August 18, 2017: Deadline to (1) file voting tabulation, responses to objections to the Plan, and witness and exhibit lists for hearing on confirmation of the Plan and (2) serve copies of such exhibits; and
(i) August 21, 2017 at 9:30 a.m.: Confirmation hearing.
Important upcoming dates:
By Fri 6/2/2017, any party that wishes to present expert testimony during the hearing on the Valuation Motion (the “Valuation Hearing”) shall file a valuation report with this Court
Mon 6/5/2017 09:30 a.m. - Expedited Motion to Appoint an Official Committee
of Equity Security Holders for Debtor Adeptus Health Inc., [Docket No. 173]
By Tues 6/6/2017, all depositions of experts that will give testimony during the Valuation Hearing shall be completed
By Tues 6/13/2017, all witness and exhibit lists for the Valuation Hearing and any objections to the Disclosure Statement shall be filed
Fri 6/16/2017 9:30 a.m. - Valuation Hearing
Did we kiss $2.00... what a tease!
Adeptus Health Inc (ADPT) and Kate Spade & Co (KATE) Lead 18 Activist Investor Filings
May 20, 2017, 9:03 am EDT | By Fintel
http://investorplace.com/2017/05/adeptus-health-adpt-and-kate-spade-kate-lead-18-activist-investor-filings/#.WSG8d2w2y00
When a person or group of persons acquires beneficial ownership of more than 5% of a company’s equity securities, they are required to file a Schedule 13D or 13G with the SEC.
If these groups intend to influence management into changing the business strategy, they are considered “activist” investors. There is considerable academic research that suggest activist investors contribute to excess returns in equities in the subsequent twelve months after the event.
Investors that acquire 10% or more of a company’s shares, or that gain a board seat, are considered insiders by the SEC and are subject to stricter insider trading filing requirements.
Investors that acquire more than 5% of the shares of a company and intend to influence management are considered activist investors and must file a 13D, and investors that acquire more than 5% of the shares of a company but have no intention of influencing management are considered passive investors and must file a 13G.
Here are 18 recent filings:
New Activist Investor 13D Filings
Adeptus Health Inc (NYSE:ADPT) – MATLINPATTERSON GLOBAL ADVISERS LLC has filed a new SC 13D, reporting a 9.80% ownership stake in Adeptus Health.
...
I definitely believe it!
Why yes, I want to hold a bag full of $$$$. Thank you, you are so kind! ;}~
Anyone know results of valuation hearing? I guess we won't hear much as we are being cloaked...
Docket #83: VALUATION AND TO LIMIT NOTICE TO EQUITY SECURITY HOLDERS A HEARING WILL BE CONDUCTED ON THIS MATTER ON MAY 16, 2017 AT 9:30
Try Limit Order
Getting really really interesting here!
#83: VALUATION AND TO LIMIT NOTICE TO EQUITY SECURITY HOLDERS A HEARING WILL BE CONDUCTED ON THIS MATTER ON MAY 16, 2017 AT 9:30
Hmmm... I wonder what they want to hide from shareholders? Docket #160 "Hearings on Disclosure Statement and Valuation and to Limit Notice to Equity Security Holders [Docket No. 83] (the "Cloaking Motion")"
Here's proposed schedule:
(a) By May 23, 2017, the Debtors shall file a motion pursuant to Bankruptcy Rule 3012 and section 506 of the Bankruptcy Code to determine the value of Deerfield’s security (the “Valuation Motion”);
(b) By June 2, 2017, any party that wishes to present expert testimony during the hearing on the Valuation Motion (the “Valuation Hearing”) shall file a valuation report with this Court;
(c) By June 9, 2017, all depositions of experts that will give testimony during the Valuation Hearing shall be completed;
(d) By June 13, 2017, all witness and exhibit lists for the Valuation Hearing and any objections to the Disclosure Statement shall be filed; and
(e) On June 16, 2017 at 9:30 a.m., this Court shall conduct the Valuation Hearing and a hearing to consider whether the Disclosure Statement contains adequate information pursuant to section 1125 of the Bankruptcy Code; and it is further
"something informative"
Why yes, please buy us bankruptcy @3 times higher. Very nice offer!
Looks like the pre-BKers have already sold, this is holding pretty steady. Just us Pinkies left!