Replies to post #2939 on Patriot Coal Corporation (fka PCXCQ)

[DPincus]

Iheart: creditors and bond holders usually have to be paid in full before equity can see a dime.
Dion

[naskon]

Thats just standard mumbo jumbo. FACT is PCX has more in assets than in liability. Commons arent worthless in this BK. Watch this stock go NUTS the next few days. Big $ can do the math......

[RoboTrader]

Since assets are greater than liability, there's a play here. While it's true that most BK stocks are cancelled, often they are not if they have much greater assets than liability. It all depends on how the judge rules it and depends on if there is an good equity committee representing the shareholders. Thing is, there's ONLY 89M shares in the float with 92M outstanding. That's awesome numbers.

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