No need to post like you till I have something useful to say. Some people like to post just to see how dumb they can be. Maybe in the future they will make another dumb and dumber and you can be an actor. People have lost money and all you can do is insult us with your post.
Ben is not a she. Guess you get mixed up with your domestic partner. As far as ACI I was just pointing out that before ANR went below $1.50 I should have jumped out when Wealth made his point. Now all the deck chairs on the Titanic are full and Ben can`t afford a seat to sit in.
There was a law firm put on the post. Did anyone call them? Left two messages for the main man. Will see if we get anywhere. I asked if he worked for 33 1/3 of settlement. So far 6 law firms and not one bite. Guess no one wants to go up against Citi who has all the money. Please, if you know a law firm that will help us call them. This fraud and cooking the books must not stand. Kevin and the BOD must go to jail and pay for this crime. This is not a China coal company but an American coal company. Number 1800 350 6003
Don`t make the same mistake I did with ANR when it was at $1.50 thinking it was going back up. Now it`s at 4 cents. When wall street starts the BK rumors ACI will be at 25 cents and when BK down it will go.
You can thank the democratic party who put Obama in office by voting all of them out of office. We need Trump!
Left out his NG bill is $30,000 a year. With Al flying around in a jet, he really does have a low carbon footprint. Not! Fake like his global warming that has put coal companies in BK and put miners in the poor house.
That would be fake green con man Al Gore who has a house at the beach in California or Al Gore who has a mansion in Tennesse that use 12 times the energy an average house does? Gore’s 20-room mansion (not including 8 bathrooms) that consumes more energy in a month than the average American household does in a year. It says the average bill for electricity and natural gas runs over $2,400 per month. Heaven knows what the house in California uses. (Notice it has 8 bathrooms because he is full of #$%$.)
The ice age is coming and you will see how fake Al Gore is!
Yet, ANR held back this material information from the public which should have been put out within 24 hours and conned the shareholders into thinking all was ok when they put out they were having a CC. I am like Kook. Is there no justice in this world for ANR cooking the books and allowed to sell off half the company and go BK so they can do it all over again to the next group of shareholders? Why has the SEC not brought charges against Kevin and the BOD for this fraud?
Employees cut cost and got laid off. Management got stock options, bonus and huge salary for running the company in the ground. Not one time did you hear any of them say cut my salary to $1 dollar as long as one employee is being laid off. This BK is about greed and they want it all at our expense because they never had a plan to make shareholder value. Their plan was to take as much money as they can and drive the company into the ground while they sang it may be raining, but there is a brighter day coming for ANR. NG deal just like CC was all a smoke screen to keep folks in line so they could let the ink dry on the BK papers. Fraud no. Criminal action of Rico by Citi and ANR and they should all go to jail and never be able to work in any leadership job again.
We have two different companies saying the same thing.
The First ANR. We are taking steps to keep from being delisted and will have a R/S. ( never did anything and was delisted) We are taking steps to deal with our self-bonding problem and have filed an appeal in court. We believe our condition has not changed since last filing. (Right went BK. Smart people in Wyoming)
From May 2015 investor presentation. ANR has 1.8 billion in liquidity and believes we can have a bright future. (August after borrowing over $1 billion in loans and selling off half the company for pennies ANR goes BK) (Still has Rice stock.)
ANR buys back debt and brings debt down to $3.32 billion from $3.9 billion before they borrow on two loans. August 1 bonds due for $109 million and ANR puts out PR they just bought out EDF for $126 million which will add value to the company unlocking our NG assets. July rumors ANR will not pay bonds and will go BK. August ANR does not and declares BK.
The next ACI. We are taking steps to deal with a possible delisting. ( ACI did a 10 for 1 reverse split) ACI has over $5.1 billion in debt. (Has creditor meeting and is dealing with debt) Cash $689.41 million and no secret loans. ANR replays Animal house two and has double secret loans and wants them sealed to protect Citi bank.
What we have is ACI working right to do the right thing and ANR working wrong to do the wrong thing. The Massey deal was a good deal. Problem was we took on two much garbage. ANR filed jobs with Massey family and friends who were clueless. Now who can forget when we got a salesman that had worked at BTU and paid him over $550K to increase sales! ( never happen and coal sales only went down after he came).
ACI running right. ANR running wrong yet ANR told the world we believe in running right and paid $200 million to put it in action retraining employees. ( Employees did not need retraining. Management was always the problem at Massey and ANR.
I posted two different post to you and Yahoo deleted both, but the last one is still under Ben. I called everyone I could find and it was like who are you? I would repeat the first but at this point I am ready to cry and if no one will stand up against this fraud we don`t have a snowballs chance in hell. Kevin and company knew what they were doing and they robbed us. No need to have a gun they just use the courts and the judge will rubber stamp it.
I have enjoyed posting about coal but what is and what a company does with what they have are two different things. Best of luck to you because I have done all I can and if we can`t get a law firm who will fight for justice against this fraud there is no reason to post anymore. I will check back from time to time, but this will be the end of Ben ever buying stocks again.
Now I have never heard of someone buying NG assets with the bond money if it was not fraud. On top of that we now find they sold over 2 billion tons of coal reserves in two different mine sales and not one time did they every tell the shareholders or bondholders what they were doing. As far as we know they sold to a friend and those companies are shells where management and BOD will get money at a later time.
When you sell mines as Arch they tell how much reserves they are selling. All they said was we sold mines . The end. The second sale we got nothing because they covered it in BK and only because they filed the amount of coal reserves we have in BK do we know we really got screwed.
I take back anything good I have ever said about Kevin in his support. I thought when our past CEO left that he left it in good hands. At this point I believe our first CEO was in on it too.
2 years ago I said joking what if ANR was planning to take ANR private at our expense because I did not trust who founded this company. Will it turns out it was true. ANR will make the common worthless and then have a new IPO and Kevin and management will be given millions of shares so when they have the IPO those 3 million shares Kevin made worthless will be not much at all compared to what he will make.
Ben will do without. Kevin will eat his T-bone steak at Rice Energy board meeting and do it all over again because that is what crooks do till judgment day.
Yes, my faith in Kevin was misplaced and now because I lost most of my money(Not lucky or smart like Wealth) I will barely get by. It makes me feel warm inside that Kevin and his family can vacation in Europe and the islands and will leave his fate to God because I had faith in Kevin and he let me down but God has never left my side and I am sure I will get by .
I will never ever invest in stocks again and I will never trust someone who said I will make shareholder value for you again. Come in said the spider to the fly trust me
Look at the 10Q for this quarter. On page 15 it shows note amounts and on page 17 it shows what they bought this quarter. If you don`t know how to look up SEC doc`s go to Alpha website and look at investor then SEC doc`s 10q.
That is a good question because back in May we had 4.3 billion give or take tons of reserves and now we have 2.4 billion. Now if they sold them for cheaper that book value that means they had to write them off, but they have not yet. Why? Because they wanted to hide the two sales of mines which will give them a big write down in coming quarters.
On the flip side, they moved a lot of cost to someone else so it could be neutral.
If you have watched BTU and ACI you would have noticed employees suing these companies because they invested in a retirement program with those stocks. Guess what? ANR employees have also invested in ANR so they have a stake in this thing as much as we do. If Kevin kills the stock he also kills it for his employees but since Kevin never took a pay cut when he was laying off employees I think employees are not at the top of his list since he just sent a bunch over to a new company which will most likely cut some of them .
With the right sound just as Jericho, the walls will come down. Record the rams horn they used on a tape and then get some big speakers with lots of power and place them all around the building. The vibrations will excite the atoms and cause the building to come down. With the right frequency, you could even get a wormhole to open up leaving an empty lot.
It would be something if someone had over 51 percent of the stock and told the court they were going to buy the rest with a tender offer and pay all bondholders what they are due doing away with the Citi deal and putting Kevin and company out of a job. Then they could check the books and have them put in jail for fraud and get money back. But it is just wishful thinking and at this point I am hoping for a good class action that will lead to civil action against these crooks.