Alpha Natural Resources, Inc.(fka ANRZQ)

[MattySR]

A very thought out reply in support for the equity committee motion was posted today by the moving shareholders, I urge any ANR holders to read it.

Here was my favorite line.

"
Interestingly, the Debtors go on to justify the sought after bonus
payments by reference to the book value of the Debtors on a consolidated basis. According to the Debtors, the millions in proposed payments to insiders are reasonable because the aggregate cost “represents 0.073% of the book value of the Debtors’ assets.” Id. at 13. If the Debtors view the book value of their assets as sufficient evidence of value to support the payment of millions to insiders, then certainty the same is sufficient evidence to justify the allowance of formal representation for thousands of public shareholders.
"
https://www.kccllc.net/alpharestructuring/document/1533896151216000000000002