Americas Energy Company, Inc.(fka AENYQ)

[LouisDesyjr]

I think what people hope for is that after everything is sold off, that there is some left over for the common shareholders. If (and it is a big if) any of the latest SEC filing value was realized with asset sales, there would be some money left over for the common shareholders. The only problem is that with the decline in coal prices plus the shutdown in operations, seem to imply that the coal leases have little to no value. Even though the company is still in a chapter 11 filing, the trustee has taken over and it looks like is just selling everything off to pay the outstanding liabilities.

With such a low price, it looks like people hope that there will be a few million left over for distribution to the common shareholders. The problem is trying to figure out how much, if anything, the coal leases will sell for.


Louis J. Desy Jr.
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Disclosure: I do not own any shares in this company.