This VNR second filing for bk case is at minimum 2 months away from seeing a Plan of Reorganization..possibly much longer.
The unsecured creditors have not even been formed into an official unsecured creditor committee (OUCC) yet.
The debtor filed on April 1st, 2019...we're only into this 28 days. The debtor gave an optimistic target date of 3rd qtr 2019 to have this resolved..which I personally think is overly optimistic but they may be right.
The only people "surprised" by this chapter 22 case are a few shareholders..the creditors have seen this coming practically since the day the company emerged from ch 11 two years ago.
Marker:
Vanguard Natural Res (VNRRQ)
0.0224 up 0.00445 (24.79%)
Volume: 97,583
We are all born ignorant, but one must work hard to remain stupid. ~~Ben Franklin
