Not sure what that person is claiming?
Bankruptcy again????
There never was a need for another bankruptcy, because (IMO), they never had one to begin with.
I read they did a negotiated stock for debt swap, where the investors agreed to hold / renegotiate the debt until BTU repurchased all that debt. (Isn't that what's going on now? Renegotiating with debt holders?
I'm sure the renegotiation(s) will go on until they repurchased all the committed stock. At these prices, the process could go pretty quickly. With all that negative news about BTU. Remember, negative news can be an asset as well! (Things are not always what they seem).
At the price of the shares currently, BTU could be repurchasing all that commitment and banking a profit from the sales of their coal shipments.
I did identify you that China and India as well as other Asian countries have no carbon caps, and they don't have any, or have very little coal reserves themselves!
Additionally, I see river barge lines and rail coal cars everyday, several time a day 24/7 going up and down the Mighty Mississippi everyday!
I think some want me to not trust "My Lying Eyes" but I know better, I see it everyday. I believe what I see. Also, our local steel mills put everybody back to work full time, and had to hire more workers for the increased orders.
One thing I like to add, if BTU does repurchase all their shares, they could do a RS (Reverse Stock Split). I've seen it happen before with other companies. (So keep a watchful eye out. Anything can happen).
Between you and me, (and others on this board), I don't subscribe to any news outlets.
Naturally, everything here are my opinions only.
GO-COAL
GO-NATURAL GAS
GO-OIL
GO-C02
GO-WOOD
