Visteon Corporation (VC)

[Gileon7]

Briefly, I would choose "reject" because it is not a fair plan to all parties. Specifically the party I'm concerned about is the common shareholders.

Visteon is a highly profitable company at this time. The BOD, upper management and bond holders, collectively called the debtors have in my opinion conspired to remove ownership of this company from the common shareholders and pass it on to themselves. They are doing this with the help of the bankruptcy court amid decisions by Judge Christopher Sontchi that have been exceedingly one sided. He has gone so far as to actually rule against the recommendations of the United States Trustee assigned to this case.

In the POR the BOD and Upper Management will receive 10% of the "New Visteon" while they own virtually none of the "Current Visteon". They have made an agreement that would pay the bondholders off with the company worth Billions of Dollars more than they are owed.

I could go on and on for my reasons to vote against the POR but for now this should be enough to understand it is not a fair plan and rejection of this plan would be a positive influence on the pps of the common stock.