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(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.
If NIO breaks $45 today, we'll see $50+ by the end of next week. GLTA who bought at the double-dip.
We may not see any major increase in SP for NIO until the EU market introduction (July 2021) is discussed more in the news.
NIO price is still a bargain sub-$50.
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.
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...
...anticipating common shares will not be wiped out after Ch.11. An estimate of at least $1/share once it's over.
Probably not today. NIO being up by at least 5% even with all the markets down is still a very good sign of the price to come though.
$59-$60 seems to be the new resistance; I think we'll break it on Monday.
DAL $41+ by September 15th. Travel numbers are increasing; TSA may see 2.5M+ this weekend.
DAL will be back to the $30s this week.
COOP will be $21+ in two weeks.
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.
Like I said, the tide sinks all boats; NAT will rally with the markets.
Last week to buy DAL under $30...
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
X being bought fast; this will be $11+ by next week.
The tide sinks all boats.
On the good side, the Volume is low. NAT may stay higher than last week's Low.
As NAT goes up, ~18M Shorts may need to cover before the end of next week. The ones that do it sooner will lose less. I'm thinking it starts tomorrow.
Hold on to your shares! GLTA.
Buffet needs to Buy DAL again before this gets through the resistance at the mid-$30s. A lot uncertain people on the sidelines waiting for the July 9th outcome.
VBIV's strong Buy signal last week got some attention. If price tests the $2.98 high this week, this will be in the $3-range by next week.
NAT is over $5, and has broken through the 200 EMA. Big firms will start to buy; hold on to your shares. We may see a new high by the end of the next week; possibly $10.
DAL may be on its way down to the high $20s again; take some profit. Load more for the trip from the high $20s to the $40s!
My thoughts exactly -- just look at the volume; although looking into their website, there's no indication that they've filed for Chapter 11.
The way it's going, it may be tomorrow! More likely, $1+ by mid-June.
ACB is a good swing trade opportunity. Buy at $14.0x; Sell at $15.0x.
Time to load up in the low $80s.
Yes, I saw that from conix's last two posts in this forum; but thanks for reminding me though. I'm talking about the one after... GLTA.
You're dead on with your assessment; I hope we see a steady incline until the next announcement. GLTA.
"The company needs to announce its dividend increase to take advantage of all the new investors aware of the company."
DAL may go past $30 if it breaks the 200 MA.
I've been trading F's high $4s to low $5s swings (more like scalping) during this crisis; and making decent gains. This is its fifth cycle; I've been Long on the F trades.
GE at this discounted price definitely favors the Long swing traders. In 2008, the lowest GE got was $5.73; in a month, it went to $12+. I don't expect GE to double its price in a month; but at least breaking $7.
F will be $8+ easily a year from now.
Well, the shares are dropping, so your call options simply expires worthless when the underlying stock hits rock bottom; unless a miracle happens.
DAL may go lower than $19 if $DJI goes below 20K; but I don't think it will happen anytime soon. At least not until the onslaught of negative news of the inevitable "second wave" late in the Fall. I've been trading the recent swings from the low to mid $20s; the last time DAL was $19.x, it went up to $26+ in a couple of days. GLTA.
I don't understand this talk about the significance of tonight's possible bankruptcy decision either. They've been playing that card for weeks even with cash on hand; and are intentionally being silent to the investors. We'll have to see what they'll do about the debt on Friday. I got into this stock in the $1 range; and will definitely be holding until I'm either screwed by a bankruptcy, or rewarded by an amazing bounce and selling at $21+.
Did you mean sell BTSC @ $0.1 to cover the cost; and get a free ride to $0.5+ ?
F has made the $4.8- to $5.2+ swing 3x in the last 5 weeks. GL to the takers (scalpers).
"I" is heading for another rally to test the $1.54 resistance.
NATs recent spike was caused by the hype from YouTube; it's back to its steady climb at least until May 22, 2020.