Post by
bond46 on Apr 07, 2014 9:18pm
Blessing in disguise
All you hopefuls out there harboring secret hopes of a come back of this outfit, know this: this company is toast. One talks about all the shareholders money the company has spent. The other talks about splits 1:10000 and so forth. The fact of the matter is that not only has this company spent the initial shareholders money, but all the creditors' money and thus the company is in default. The funny part is that the creditors can't get their money even if they force liquidation and auction the assets. So they are forced to wait for the met coal market to turn around, build the company up and then probably sell it or keep operating it till they get their money, something of $95million. And by doing that, though the stock will be diluted, will not be completely lost. So hang in there and the mess this company is in, may be a blessing in disguise in that the creditors want to get their money back, and along with them, you may recoup part of your losses.