Wanted to say high to the board, and see if anybody follows the Q stock energy plays. We have a new one emerging.
These (Q) are companies that have filed for Chapter 11 reorganization.
Typically these companies sell off assets to pay down discounted court approved debt. If they remain a going concern, they emerge debt free and competitive. If they wipe out the shareholders in that process, we're screwed. Higher risk and higher reward.
USEYQ US Energy systems - Lost most of their US assets in the reorganization. Were left with some proprietary licenses for landfill methane, and UK Energy Systems, a small British subsidiary with North Sea assets, some pipeline infrastructure, and a 65 MW natural gas fired power plant that sells power to a Scottish utility.
Currently trading at .024 it might be worth a look. Thanks all.
GLTA !!
Got some others if you want, not here to pump.
