Jones Energy Inc. (fka JEII)

[tdeck]

I know there is always risk in these BK plays, thus why I only play big names or big assets. Can come out of Chapter 11 winner or loser, but, this shocks me, I know what the "worthlessness" of the stock means in court filing in April, but, this didn't have to be the case here. Somebody(ies) making a ton on this deal.

Someone has to explain that to me, It's like "hey mister debt holder, here is something that will generate 10's of billions in the future, can we call it even on the 1 billion and forget those other guys?

It is what it is, at least I am able to get out mostly at cost. Still steam me though, shady lawyers/judges etc.