ERNIE'S WORLD OF REALITY

[frankj]

hey Ernie! hope all is well with you. Didn't hear back in regards to my post about your thoughts on the recent 10Q and all that.

Also saw this for yesterday on Fidelity's site:

Aug 15 (Reuters) - Moody's rates Patriot Coal DIP revolver B2 and DIP term loan B3 (Caryn Trokie, New York Ratings Unit)

I have also been looking at this from time to time and noticed that its now being updated more and more recently:

http://data.cnbc.com/quotes/PCXCQ/tab/8

I see a huge amount is still being owned for shares and some of the major places (e.g. Cascade) is holding a ton still. Thoughts on all of this and why they may be holding? Instead of just dumping due to BK. Perhaps they are "hoping" for buyout or they just aren't aware it's in BK? I would think they would know it's in BK since it's been over a month.

Thanks again Ernie!