Visteon Corporation (VC)

[Gileon7]

They aren't real losses for the quarter, not true operating losses anyway. They are basically saved up expenses and sales being left off the books for June, I'm sure July will be very robust. This was done to make the quarter look bad. They wrote off all possible interest and benefit charges.

The benefits will not be paid because as soon as the come out of bk they will cancel the benefits. The ruling on the benefit reinstatement was only for bankruptcy, the contract says they can cancel the benefits.

The interest may or may not be paid also.

The trouble stems from the claim that the shareholders voted for the POR. That would mean they have no one to argue against them. If this is true then their "friends" bought up a ton of shares, add those shares to the ones owned by the AHEC, whose votes they bought with 145,000 shares of new (discounted I'm sure) and $4.25 million.