why would any new share holders be as loyal to the company, after they find out how the previous share holders were treated. If the current holders get nothing, then the new share holders could no longer believe in the company. What is to stop the same fate for them if they are to file BK again in a few years.
yes, coal is going to be in huge demand, but if Obama is in for another 4 years, it will continue to cripple coal industry for those 4 years. The company may have to do it again, or go under entirely. The best situation is to be bought by India/China.
So that being said, how and why would anyone want to buy into a new PCX knowing that the company has already lied when they said this comment. Keep in mind, this was said for current share holders, not new ones. Comment I believe was made pre-BK.
Some people may forget it happen, yes. Others may not care because they want to make some quick bucks, or flip real quick, or make their 10% or whatever and get out. But, in the grand scheme of things, with larger financial banks, etc, it would be a huge red flag knowing a company that wants to protect its employees and share holders, to only turn their backs on them. Essentially, being stabbed in the back. Same fate can happen with new holders, and that should prevent many from wanting to buy into it and I would think it would help push it further down. They would no longer have a leg to stand on.
I would think they do a buy out of current share holders (probably won't be much, but it will be something) and then start over. OR, they may try to issue new shares for the current share holders with new shares in the restructured company. That's the best case scenario. All up to the judge, obviously. But if CEO and all the upper management doesn't do ANY fighting to make sure something good happens to pre/post BK holders, then this company won't get far later on.
