Replies to post #2628 on Patriot Coal Corporation (fka PCXCQ)

[bleu22]

You could be right. Im not sure about shareholders with chapter 11.

[bleu22]

Dated 5/29.
"Ben and I will immediately focus on improving Patriot's competitive position as well as its financial structure to enhance value for our shareholders and all other groups who have a stake in the company's success," said Engelhardt. "Our team has successfully navigated the inherent cycles in the energy industry in the past, and I am confident Patriot can overcome the industry challenges that we currently face."

[MorningLightMountain]

this Co has MANY subsidiaries....(look at the 8-K).....they couldn't sell some off, the ONLY choice was BK???

it's like management did not even consider the shareholders, just sold 'em down the river.....