Alpha Natural Resources, Inc.(fka ANRZQ)

[MattySR]

At the moment, it does not look like management or the board have given up on equity. This BK was coming sooner or later, just like it will come for the few remaining listed companies (Peabody and Arch)

The fact that Alpha declared BK preemptively is a sign that they are trying to maximize value while restructuring debt. Ch.11 has many advantages for a Debtor.

Check out the buy / sells from management in the past 12 months. (obviously they can't buy in BK, so this is before August3rd)

# of Shares Bought 3,674,362
# of Shares Sold 212,805


It is to early to tell if the shareholders are forsaken. There will be a Shareholders Meeting in 2016, shareholders can raise valid points there and band together to maybe even form an Equity Committee with legal representation for all shareholders in this BK case. Who knows, we might need it.

Again, to early to tell.