Peabody Energy Corporation (BTU): Last a year and half? You believe tha...

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Peabody Energy Corporation (BTU)

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Re: DieselJoe post# 1188

Wednesday, 03/30/2016 1:57:31 PM

Wednesday, March 30, 2016 1:57:31 PM

Last a year and half?

You believe that they will make the March 2016 payments then prior to the 30 day deadline?.

That would somewhat unusual since I am not aware of any other company that ever made the payments after deciding not to do so.

What about the 90 day deadline? Part of those a financial ratios that there is no way they can meet and there are 'cross default' conditions that will be triggered.

So far the volume and price in the shares seem to indicate no BK filing this week.

Louis J. Desy Jr.

Disclosure: I own BTU put options.

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