YRC Worldwide Inc (YRCW)

[Ecomike]

Does anyone else know how much debt will be converted to some kind of equity in the final deal? I can't tell yet, as there is too much junk verbiage in the SEC filings. Also how much new, debt converted to equity will become common stock that can be sold right away, versus preferred shares that might be convertible (but might not ever convert, or might convert years later)?

I read one bit in the SEC report I am trying to digest, that sounded like only a small portion of the debt was going to become 97.5% new shares, while the bulk of the debt was going to become preferred convertible shares that could further dilute the 97.5% dilution, meaning the current shares may be worth far less than I previously thought. But the wording is almost impossible to determine what they really plan to do, perhaps on purpose?