Replies to post #592 on Basic Energy Services Inc. (fka BASXQ)

[TennisStar]

Hurley

Let's bet a case of your favorite beer that BAS files a pre-pack under CH11 by months end. Bond holders have signed NDA's and are mute in what's really going on but they will own the restructured company.

So is it a bet?

[Stock_God]

Looks like he wasn't so dumb....

Under the terms of the RSA, the Company and certain of its subsidiaries must file chapter 11 cases to implement the Plan on or before October 25, 2016.