Replies to post #7465 on Patriot Coal Corporation (fka PCXCQ)

[fung_derf]

The holders of $200 million in convertible bond debt, as well as Patriot's general unsecured creditors, will get 5% of the new common stock as well as the ability to participate in the rights offering.

So I wonder if you can still buy the 8.25% bonds for $1.75?