Alpha Natural Resources, Inc.(fka ANRZQ)

[MattySR]

I feel its because assets are not worth what they say they are on the balance sheet atm. (could be worth more, could be worth less) Restructuring charges are going to keep happening, I mean of course it will flatten eventually.

GTAT (GTATQ) went into bankruptcy with 1.5B in assets and 1.3 in Debt on their balance sheet, and now their most updated balance sheet shows 8.7 in Assets and 1.1 in Debt.

GTATs assets have not changed aka not much as been sold, cash has fallen 45 million since the filing, etc. The major reason why now GTAT balance sheet states that Stockholders equity is negative 310 mil now is because of restructuring charges and write downs of assets. Cash has fallen 45 mil, inventory has not been sold in bulk, most revenue is backlogged atm, yet balance sheet shows a huge -310 million? Just some writedowns for the balance sheet. This -310 mil could be +100 mil in a blink of an eye if inventory is sold / Sapphire is in demand.

Same for ANR, write downs will fluctuate according to coal outlook.

ANR is not done writing down assets during this downturn in coal outlook imo. Hoping that the final real value of our assets at the POR exceeds that of the debt..POR Won't be for a while however. This is going to be a long BK.