Patriot Coal Corporation (fka PCXCQ)

[moneyjunkey]

Will not be cancelled, although diluted 3 to 1.Balance Sheets (USD $)
In Thousands, unless otherwise specified

Jun. 30, 2013

Total assets 3,635,997
Total liabilities 3,974,015
Total stockholders' deficit (338,018)

HOWEVER
Liabilities subject to compromise 2,157,593
Common stock (300,000,000 shares authorized); 92,378,514

Therefore, can have a positive share value after compromise. PCX can issue additional stock for bond holders. Although certainly diluted, the common stock can stay.