Dynegy Inc fka DYN

[wall_street61]

Question for whoever can answer it. Are the warrants tradable? With the pitiful disclosure surrounding the warrants, I decided to let Litespeed with their infinite wisdom go through the share exchange upon BK emergence.

As it currently stands, the warrants are over 2 billion out of the money. Wouldn't hold my breath just yet on seeing that 4 bil number.

So unless there is a market for the warrants, Litespeed just took an approx 65% dump on their investment.

I wasn't about to pay more than 20 cents for this dog pre-emergence and was thinking "what a gift" for someone to dump in the .40-.50 range (whilst Litespeed was buying everything up).

Somebody jump in here and tell me what kind of opportunity I missed.

Aren't the old shares calculating to have about 16 cents of value post emergence?