Patriot Coal Corporation (fka PCXCQ)

[sambeaux]

I hope I can eat some of my words. Although
I always included "IF" in my comments
when referring to potential fiduciary failings
by PCX hqtrs.
Today's report says:
"General unsecured creditors are to
receive new common stock. The plan has blanks where
the percentage recoveries for all classes
will be shown later. "
"general unsecured creditors". That would be us.
Ya think?
Frank! This falls pretty much in that
possibility you often mentioned of providing
something akin to warrants for current
stock holders.
Ya think?
IF THIS HAD BEEN INCLUDED IN FRIDAY'S
AFTERMARKET REPORT.. THE STOCK SHOULD NOT
HAVE TANKED MONDAY. INSTEAD IT SHOULD
HAVE OPENED UP. WAY UP.
PS ON THE SURFACE THIS APPEARS TO BE WHAT
I MEANT WHEN I SUGGESTED (DEMANDED) THAT
HQTRS NOT
FOLLOW THE USUAL BK HOAX OF OBLITERATING
STOCK HOLDERS.