Noranda Aluminum Holding Corp. (NORNQ)

[Handyman4545]

"Noranda is no longer the owner": I disagree...
In my "unprofessional" opinion that's all irrelevant.

I can find no mention in the pleadings going back to 4/9/2016 regarding dissolving existing shares in the company, an obvious indicator of continuance intent and in addition, is still reporting to the SEC on its shares status, nor has Noranda officially filed for dissolution.

To all outward appearances (I haven't actually been there), Noranda is still conducting business albeit at a much lesser profit than before.
Norand has sold off a great deal of its then, profitable money making businesses in order to pay down its unmanageable debt making it currently more streamlined than it was.

In addition,

The Chapter 11 case was closed by request and granted by the courts and the company is now poised to start operating in full again if it so desires.

Granted, the company is down several key manufacturing plants and businesses sold off to repay debts but the company and management are still APPARENTLY intact.

It is opin'd that Noranda is currently doing financial "housekeeping" by ridding the docket of all extraneous pleadings and motions before announcing the emersion from the court reorganization and re-start business again in whatever capacity they ultimately have in mind.

I welcome any additional opinions or refutes.