Seems funny Apollo would buy twelve percent of float and know nothing about the outcome of the debt swap. Wouldn't be surprise if soros has boughten more also believe they don't have to do lose mid q unless over five percent and end of q is coming up could be a big surprise
pay the interest and keep moving on debt swap attorneys would not be trying to sue if senior lender was able to hold back the debt swap
no chance of profitability for 3 years, burning p all cash, noting changed sense stock fell to .250 except reverse split, a dead duck you clown
Nobody wants to repo, sell, buy, or own a bankrupt Coal company. ACI is watching the arrogant banks get a "BIG" dose of reality with Patriot Coal. The bankers will have to refi the debt on ACI's terms or the banks and friends can file BK. These same banks are holding debt, hedges, and stock from the Oil, NatGas, and Coal companies which no one wants to buy. The lenders are the losers in the end. The bankers are Wall Street, the Hedge Funds, and they are driving the stock price up and down simply trying to make a buck to offset their back against the wall situation of bad debts and Greedy bets. Coal and fossil fuel is "TOO big to fail". The ones that will fail are the spinoff MLP's. Just saying, God Speed to all retail long, short, traders and those tenured generous folks contributing to HEALTHY Discussion.
average short for sorros 5$, so 50m on the sort at bankruptcy, minus out the 2m shares he bought around a 1-2 dollars 3m max, Soros walks away with 47M. that's how wallstreet players do it
It looks like the world will stay the same in the electric generation economy. Government subsidies go away in 2017 for solar in the USA, no net metering policy of significance in the majority of the world, especially the USA. Solar is simply a pimple on the rear of the big money economy of electricity generation. 30 Years from now maybe it will change. The big money generators will fight roof top solar and small producers every step of the way. Just like when a thing called "Wheeling" power started 25 years ago to allow other companies to sell power in a regulated power industry monopoly. Finally got it, but it took decades.
If you watch the debates on CNN, even the commercials between the clips has a Coal Train, stating "Just Keeping the lights on".
I you are big money with a asset that is not going away in 30 years, with no buyers for it today, would you write down the asset, take your tax loss, refinance the debt, and in a few years recover? Or dump it now and never recover ? That is why big money is big and little money is little. Doom and gloom with no realistic understanding of human behavior, gets you broke and frustrated, Just saying. God Speed to your choices of how you invest.
tell people get out now before guvmit subsidy tit and tax break tit run out. remember solyndra and run from the scam. solartitty is a company searching for a mission. business model changes every 48 hours cause residential solar is a big flop. hop sing markp pimping on wrong board. need be good citizen and tell solar suckers fad is over--time to SELL.
Institutions held it from 350 down to .99
Puts out a basher comment on Bloomberg on ACI saying they won't pay the $18.1 interest payment due so they go bankrupt.
Just Google "Spencer Cutter - Laid Off And Looking" to see what a pathetic loser this guy is in life. He whined in a blog about not being able to find a job for years after (surprise, surprise) he was cut by bankrupt Lehman. With such dumb insights like he had on ACI, no wonder no one wanted to hire him for years. What a loser.