Replies to post #5077 on Patriot Coal Corporation (fka PCXCQ)

[sambeaux]

At a measly $7/share they could get
PCX for just over about $1/2 billion.
PCX has well over about $3 billion
in coal alone. Not even counting all
the equipment and infrastructure and
stuff.
(And workers)

[frankj]

Agreed. From the guy's comment, he does agree it is speculation until that formal announcement. He doesn't think that will happen for another 6 months. Could be they are getting everything lined up to do the acquisition.

Not sure how that works when they are going through BK proceedings, or how it will treat the stock in terms of keeping it in tact, or issuing brand new shares and buyout the old. I would think they would buyout the old shares and start with new. Definitely a good and smart way to get around from being denied IPO.