Thursday, October 20, 2016 11:19:27 PM
It is usually clear why the muppets are piling in these situations, but this time I can't believe that they are.
Apparently, it looks like the muppets are being told somewhere or believe that the operations in Australia are making all kinds of money, plus the deadline for filing a reorg plan has been extended to December 14, 2016. So they think the common shares are going to have value.
Document 1453 - ORDER EXTENDING PERIOD DURING WHICH THE DEBTORS HAVE THE EXCLUSIVE RIGHT TO FILE A PLAN OF REORGANIZATION
This is in spite of the fact that the September 2016 operations report shows a loss of $66 million. Document 1465, Sept 2016 operations report
At this rate the equity that is showing on the books, at book value, will be wiped out before the company exits Chap 11, never mind the losses on the sale of any assets that may take place or the write downs on assets the company holds.
Louis J. Desy Jr.
Recent BTU News
- Peabody Reports Results For Quarter Ended March 31, 2024 • PR Newswire (US) • 05/02/2024 11:58:00 AM
- Peabody Board Declares Dividend on Common Stock • PR Newswire (US) • 05/02/2024 11:57:00 AM
- Peabody Announces Completion of Wards Well Acquisition • PR Newswire (US) • 04/16/2024 10:58:00 AM
- Peabody Provides Update on First Quarter 2024 Results • PR Newswire (US) • 04/11/2024 11:58:00 AM
- Peabody Announcement Regarding Reducing Slate of Directors Standing for Re-Election • PR Newswire (US) • 03/28/2024 08:30:00 PM
- Form SC 13D/A - General statement of acquisition of beneficial ownership: [Amend] • Edgar (US Regulatory) • 03/02/2024 12:02:04 AM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 03/02/2024 12:00:22 AM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 02/27/2024 10:36:02 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/27/2024 09:10:16 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/26/2024 01:02:27 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/23/2024 10:48:44 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/23/2024 09:26:17 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/23/2024 09:22:45 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/23/2024 09:14:51 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 02/23/2024 06:54:56 PM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 02/23/2024 11:21:39 AM
- Form SC 13D/A - General statement of acquisition of beneficial ownership: [Amend] • Edgar (US Regulatory) • 02/21/2024 12:00:11 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/14/2024 09:17:14 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/14/2024 09:13:25 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 02/13/2024 02:23:05 AM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 02/12/2024 10:43:41 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 02/12/2024 10:40:30 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/08/2024 12:59:07 PM
- Peabody Reports Results for the Quarter and Year Ended December 31, 2023 • PR Newswire (US) • 02/08/2024 12:58:00 PM
- Peabody Board Declares Dividend on Common Stock • PR Newswire (US) • 02/08/2024 12:57:00 PM
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM