Replies to post #3026 on Far East Energy Corp. (fka FEECQ)

[surfer44]

Chapter 11 is a reorganization not a liquidation. So this is where the priorities come in i.e secured creditors, unsecured creditors, bond holders, preferred stock, common.

With Ashmore they are holding most of the debt so it shouldn't be a problem. They won't lose. Debt holders sometimes turn into equity holders.