Post by
slewfoot2 on Jun 13, 2024 3:17pm
ummm
kent, k ot shure who this fluff is butt, hear is the thing , elliott didnt trigger chapter 11, a secured debtor did.... ie wear calling loan , then ncu declared chapter 11 to give it time to deal with balance sheet .... this doesnot mean they will exit bp debt free... far from it.... the secured debt still has a priority and has to agree to the exit terms.... otherwise things get liquidated and the dip get settled, then kwf, and down on..... if kfc doesnt agree to term , it gets liquidated.... so they will determine how much they get if liquidated vs. how much they get if they settle and agree to a haircut.... then pala same thing.... then commons.... commons get zero or some pink paper at 1 cent ondollar....I do t see any scenario where commons get anything, or any senario where the commins ever trade again.... stock is effectively delisted.... suprised how the bagholders still cannot accept this... false hope.... the nice thing is that there false narrative cannot convince others to jump off the cliff also.... its halted for good
Comment by
slewfoot2 on Jun 13, 2024 3:52pm
basically elliot scooped 60 million of value from kfw... kfw didnt thing the assest wer more than 150 million, hence is why they did not put moar in... then that forced ncu to go into 11, to buy time, now elliot thinks there is moar than 60 mill in value ( maybe 85 million to get back triple flag?.... so value it seams is between 60 mill and 150 mill.... eother way.... whats left for commons lol
Comment by
patchh on Jun 13, 2024 4:48pm
he is making a mess.. wait for the documents