Patriot Coal Corporation (fka PCXCQ)

[frankj]

as awesome as that is, that is definitely very rare to happen. Would be nice for it to happen here, but very doubtful.

Unless of course the CEO is a man of his word when he did say they will protect the investors. With BK it appears its every person for themselves. I understand they want to save the company and such, but they don't care about the commons. They only care about themselves.

I'm curious though, how did GGP keep it? Doesn't the judge decide on what happens? Or does the Judge pretty much say how much the commons gets after everyone gets their piece of the pie and they are last? Or can the company say at emergence of BK they will just keep the shares so they don't do a pay out to the commons at the end?