Azure Midstream Partners, LP (fka AZURQ)

[PinkBu]

Right now I am playing adptq. I see you on that ihub board too. It's an interesting one, ha? Company owns largest chain of stand alone emergency rooms, have a buyout offer from Deerfield Management, an activist investor (Matlinpatterson Global Advisors) who just purchased 9.8% stake in BK, investor Wexford and Reef, and judge just approved equity committee.

The POR is pretty vague, but the debtors think its "enough information for shareholders to make an informed decision" and are asking for confirmation hearing on August 21, 2017.

http://dm.epiq11.com/#/case/ADE/dockets
Docket #15
"4.8 Class 8: Existing Equity Interests.
(a) Treatment: On the Effective Date, the Existing Equity Interests shall be cancelled without further action by or order of the Bankruptcy Court, except to the extent that such Existing Equity Interests must survive to allow the Deerfield Parties to enjoy the full benefit of the Debtors’ assets or to operate their business."

I personally like the part "Equity Interests must survive..." Sounds to me like we'll keep all our shares. The stock has already run from $.20 to $2.00. Probably mostly because of Matlinpatterson's 9.8% purchase. It's been holding very steady at $2. I'm surprised there's not much activity on the ihub board, which I guess is good that there are no pumpers/dumpers there, lol.