Replies to post #2037 on BPZ Res. Inc. (fka BPZRQ)

[C C]

lots of BS been thrown out on BPZRQ
every time news was supposed to have hit was false or missleading at best

read the sec fillings....it says what they will do



cc

[ofirm]

I am mostly a bondholer, not a shareholder -
There is a reason why a bond trustee exist. their job is to make sure
this does not happen. that is my point exactly.
A money center bank like wells has more legal resources at their
disposal than any private equity company or a management team of a
couple of hundreds of millions of dollars company.
Unless I am correct, the bond holders are not scheduled to have
holdings in the new company. if they have equity in the new company
and the new company owns the buyers, it is very different.
The recoveries from the turbines are going to be very small compared
to the bond par. that is the cash recovery part for the bond holders.

[disk88]

thats wy this ceo sold us the story that the sale of assets was better and
they kept out blackstone to find a deal, blackstone is even investing is
oil co's.
unsecured bondholders can be paid with new stock , a reverse split and new
issue of stock was an option for bonholders , although stock holders would
be affected but at least the company would stay in business.
i don't know how the court let this happen i don't how the committee of unsecured creditors let this happen its outrageous !!!

[Fergo]

Would a new company shield them from anti trust laws? Where's the millions and millions of dollars they raised selling stock hidden (especially in the 3 months prior to filing C11)? Seems to me their assets are peanuts compared to the money raised using the ruse they employed extorting shareholder's. Yeah, sure, there's risks involved to buying stock, but fair expectations are valid and necessary assumptions. No amount of D&D could have predicted this current outcome. This all looks like a good case for a class action suit to me. If so, a new company will risk paying old debts. Not a good way to start. Are there any lawyers in the house? GLTA and trade well.