InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
AI Subscribe Login/Register account icon
S&P 500
5,240.03
(
1.04%
)
US TECH 100
17,481.60
(
0.38%
)
Dow Jones
38,997.66
(
0.76%
)
Brent Oil
76.21
(
0.24%
)
Bitcoin
55,939.94
(
-0.20%
)
Post# of 43522
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next

StihlsawsRule

Send PM Follow Ignore
Followers 23
Posts 1808
Boards Moderated 0
Alias Born 12/14/2017

StihlsawsRule

Re: tmeier post# 30480

Thursday, 08/20/2020 9:29:17 PM

Thursday, August 20, 2020 9:29:17 PM

Post# of 43522
$1.8 billion is nowhere close to putting class 12 in the money. I think the debt they listed on the original filing is somewhere in the $4.8 billion ballpark. That has to be 'paid in full' IMO before equity sees a penny.
IF they are able to work some sort of 'ongoing' deal with the bondholders and creditors, then I believe they would have to leave existing equity intact. Sadly all bets are off unless Jones approves. Its what makes BK court a thing to avoid for shareholders of any company. Too much fraud and shady BS.
Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Last Read Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up