In case anyone is still following this (or hopefully short). a
little news blurb from Fridya:
"
Peabody Energy Corp.
dived 9.58% in over-the-counter trading to end at $7.46, a day
after
filing
a reorganization plan and disclosure statement with the U.S.
Bankruptcy Court for the Eastern District of Missouri, as the
company gears up to emerge from Chapter 11 bankruptcy.
Peabody's proposed plan recapitalizes the company through a
backstopped rights offering of $750 million, a
private placement of
mandatorily convertible preferred stock of $750 million and the
issuance of new common stock to satisfy certain creditor
claims. The company hopes to exit bankruptcy with sufficient
liquidity for its near- and long-term needs. The plan insists
Peabody has an opportunity to "
not only survive but to thrive for the long-term benefit
of its many stakeholders.""
Posted by xxkumarxx on 25th of Oct 2016 at 11:49 am
some one told me about it at 3.50 but I did not buy it.
What a run up. Not sure if it goes much higher. They
are telling me FNMA/FMCC will do same in near future. This
time I am buying some.
huge move in Peabody coal
Posted by matt on 25th of Oct 2016 at 10:41 am
BTUUQ - Chart Link - it had went on the OTC market quite a while back as this industry has been destroyed, however wow huge move the last month
BTUUQ - Chart Link - 60 min view,
In case anyone is still
Posted by pinguin on 27th of Dec 2016 at 08:36 am
In case anyone is still following this (or hopefully short). a little news blurb from Fridya:
" Peabody Energy Corp. dived 9.58% in over-the-counter trading to end at $7.46, a day after filing a reorganization plan and disclosure statement with the U.S. Bankruptcy Court for the Eastern District of Missouri, as the company gears up to emerge from Chapter 11 bankruptcy.
Peabody's proposed plan recapitalizes the company through a backstopped rights offering of $750 million, a private placement of mandatorily convertible preferred stock of $750 million and the issuance of new common stock to satisfy certain creditor claims. The company hopes to exit bankruptcy with sufficient liquidity for its near- and long-term needs. The plan insists Peabody has an opportunity to " not only survive but to thrive for the long-term benefit of its many stakeholders.""
some one told me about it at 3.50 but I did not buy it
Posted by xxkumarxx on 25th of Oct 2016 at 11:49 am
some one told me about it at 3.50 but I did not buy it. What a run up. Not sure if it goes much higher. They are telling me FNMA/FMCC will do same in near future. This time I am buying some.
Be careful with this one....
Posted by pinguin on 25th of Oct 2016 at 10:48 am
Be careful with this one.... it is a company in bankruptcy
I'm not saying to play
Posted by matt on 25th of Oct 2016 at 10:52 am
I'm not saying to play it, heck Steve probably short it last week :)
I tried to borrow BTUUQ
Posted by steve on 25th of Oct 2016 at 11:22 am
I tried to borrow BTUUQ the past two days
I own some bonds... so
Posted by pinguin on 25th of Oct 2016 at 11:48 am
I own some bonds... so I can't say that I'm completely clean in this play.
Just wanted people to know what they may own.