Replies to post #2924 on Breitburn Energy Partners LP fka BBEPQ

[cents2ks]

I agree, whosegow.

I don't see how a judge could see it any other way.

May the guilty phantom holders end up in the hoosegow!

[LarryAshy]

Of course. You don't issue Phantom shares four months before filing BK if you really think the ship is sinking.

Those are issued when you know things are going to get better later on, in anticipation of a temporary downturn. Basically...you are willing to sacrifice now as a sign of loyalty to the company, in exchange for a benefit later on.

Phantoms aren't meant to be a tool for scheming shareholders in an effort to enrich yourself(and Taylor and Talbot) at their expense through the BK process.

Phantoms would not have been subject to CODI.