Replies to post #2025 on Breitburn Energy Partners LP fka BBEPQ

[LarryAshy]

Objectively speaking....what Uranium said is absolutely true.

this one seems to have the highest probability for a strong return..would you agree?

Once again, objectively speaking...

Possibility, not necessarily probability.

[Uranium]

Not sure I can agree with that. Insiders sold all for a reason. Then there is CODI. The company will not willfully include units in any re-org plan. If unwillingly, then there is "cram down".

[PinkBu]

Too early to tell with BBEPQ, they haven't written their Plan. It will state if shareholders recover or not.

Read PGNPQ plan for shareholders to receive 53% of re-org company. But even that needs to be approved, which happens at the very last bankruptcy hearing, the Confirmation Hearing.

PGNPQ Docket #647:
Class 8: Parent Interests.
(a) Treatment: On the Effective Date, the holders of Parent Interests shall retain their Parent Interests, subject to dilution on account of the Parent Ordinary Shares to be issued in accordance with this Plan. After the issuance of the Parent Ordinary Shares, the Parent Interests shall comprise in the aggregate fifty-three percent (53%) of the total outstanding ordinary shares of Reorganized Paragon without regard to the Management Incentive Plan Securities...