Replies to post #333 on James River Coal fka JRCCQ

[44centsAKAchoccake]

I don't think so. That being said the law says "just and equitable" not "absolute priority rule." In other words, absolute priority is a "tendency" not a "rule" especially where the senior creditors "volunteer" to agree to a settlement that violates the "absolute priority rule." I could see the commoners getting a few shares in the successor company or something like that. Coal's prospects could look better in 2016 or 2017 depending on where natural gas prices go.

[pawpawsir]

Only if they buy them above the $800 million debt