Breitburn Energy Partners LP fka BBEPQ

[Olde English 800]

BBEPQ, the company is trying to wipe out shareholders. The Equity Committee was allowed because the SEC has been investigating the company, and wrote a letter to the court, recommending that the judge approve an EC, to include shareholders in negotiations. The SEC suggests that even if BBEPQ paid off all of its debt, it should still have $900 Million to $2 Billion left over to be able to pay shareholders. The company also requested that the court approve paying bonuses to its board of directors, which seems strange, if they don't have money. The company has still not proposed any Plan of Reorganization. They seem to actually be trying to sell off the assets far below value they previously claimed, and content with selfish gain, while everyone else takes huge losses. This should be tried in criminal court.