Patriot Coal Corporation (fka PCXCQ)

[frankj]

looks like its being updated more frequently. It changed since I last saw it and now has an updated date of today, and the numbers have been changed big time.

The one thing that caught my eye is that almost 53 million shares are being held. 53 million out of 89 million is pretty good IMO. I would think that is a key as if PCX decided to destroy all shares and not give back to investors, it would be huge.

I know they can do whatever they want, I fully understand that. But you can see some huge numbers for institutions are still being held. Cascade as $56 million in value.

Will definitely be interesting to see how this keeps playing out

Anyone think they are holding off to see how this plays out? It doesn't look like they really sold. Could they be holding for a buyout or something else?

thaks