No it won't!If you read the S1, you will see that there will be 3 amendments.One is the stock taken to par value of $0.01/share....then, an issuance of 2 billion shares(from the debt swap)....and lastly, a reverse stock split to kick the share price up to levels to keep it from being delisted. Read the amended prospectus(Dec.30).It's all there.By the way......the 1 billion(or 2 billion) shares that will be issued(after shareholder approval)are calculated at$0.28/share.
I keep seeing all these strategies and crazy deals I can't begin to understand,yet I don't see one plan that brings YRCW back to making a PROFIT. anyone explain to me in layman's terms how you bring back the 80% of customers you lost,pay rent on terminals you sold and leased back,pay off the billions owed to the union,pay back your debt swaps and all the other things I forgot. how do you do that and become PROFITABLE in the slow part of the year for LTL trucking in the middle of a recession. good grief Lucy, let Charlie brown kick the ball already.
It is everyone's fault. The greed in our nature let bankers and borrowers do with homes what both of them knew was wrong. This has hurt the world's economy badly. Now we all have to work our way back up, by going back to basic investing in sound investments.