The Great Atlantic & Pacific Tea Co. 9.375% QUIBS (GAP.GI)

[56Chevy]

Ooh wow romang I appreciate the encouragement but cannot advise when it comes to buying or selling.

BK investing is, as you know, highly complex and each case has it's own set of risks & circumstances...therefore do as much personal DD as you can before making any decisions.

The GAP BK has a Disclosure Statement out as we speak and is in the solicitation (voting) stage. The board should have sufficient info re: QUIBS but provides little info on the 6.75% Convertible Senior Notes. I can tell you that 80% of that class are held by the plan proponents themselves.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=70431632

To be honest I'm not doing so well on this investment (down 60%). I didn't anticipate the Plan proponents side-steping a debt holder, like QUIBS, to offer equity a deal in newco. There are objections out.

NOTICE OF FILING OF REVISED DISCLOSURE STATEMENT

Class G - Quarterly Interest Bond Claims (QUIBS)

Estimated Range of % Recovery Under the Plan:

2.1% - 2.7% or 2.1 - 2.7 cents on the dollar (which equates to $.525 - $.675)

Source: Doc 3041

http://www.kccllc.net/documents/1024549/1024549111214000000000016.pdf

I noticed that Ihub has not been quoting the QUIBS pricing lately as well but am not sure why. ?? I'll contact Ihub and post what I find out.