Bankruptcy Q Players

[the cork]

XIDEQ That's a great one OHMYGOD ! I haven't been following the Q;s so much recently so didn't see this one till now thanks to you.

What's this part about?

"the Supporting Note holders, who also hold a substantial majority of Exide's estimated $360 million DIP Credit Facility's term loan, have agreed to support the Plan which would deleverage the Company by more than $600 million and allow Exide to emerge from Chapter 11 substantially in its current form -- operating across all of its existing business segments. "

The absence of any direct reference to existing equity would suggest current shareholders are part of the 600 million about to be jettisoned as part of the "deleveraging" process.

The "new" company emerges essentially intact, repudiating any inconvenient obligations (like us) not already addressed in the new "sweetheart" deal.

Are you playing these guys?