BTUUQ. Peabody energy. Look BK came out of it and look where it ran. SUNEQ has better odds than they did. One day people one day
Peabody Energy (OTCPK:BTUUQ) looks set to exit Chapter 11 bankruptcy early next month after a bankruptcy judge said he would approve its plan to cut more than $5B of debt. BTU's reorganization plan, which will repay secured lenders in full and received overwhelming support from its creditors, will be financed through a $1.5B sale of stock, consisting of a $750M rights offering available to bondholders and a $750M private placement of preferred equity for institutional investors. The company reached last-minute settlements on various objections to the plan, including one from individual investors who said they were wrongly blocked from the private stock sale.
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