Replies to post #585 on Basic Energy Services Inc. (fka BASXQ)

[TennisStar]

I don't have all the answers
But the speculation is the pre-pack won't completely wipe existing common out. The 2019's will more then likely convert through a debt for equity swap and participate an offering. And yes this is public information as BAS very clearly indicated what their intentions were in their last 8-K. Again call the advisors handling the 2019 forbearance agreement. When the news drops of restructuring, I suspect the common with follow the same path of CJESQ and might recovery once it's clear what if anything common holders will get. Of course I could be completely wrong and BAS won't file.

And with that I wish you the best of luck.