View Poll Results: Will the court approve the ch11 exit plan?
Yes. The bond holder’s support makes all the difference
62
48.06%
No. The execs even stated they have serious doubts about this plan even working
67
51.94%
Voters: 129. You may not vote on this poll
Will this judge approve NK’s exit plan
12-19-2024 | 08:31 AM
#2
Banned
Joined: Jul 2023
Posts: 633
Likes: 32
12-19-2024 | 08:48 AM
#3
Line Holder
Joined: Feb 2024
Posts: 203
Likes: 18
My guess is when F9/NK talked last month they got to look under the hood and see if a deal would be viable after a certain amount of debt is shed in the CH11 process.
Last edited by redhot; 12-19-2024 at 09:19 AM.
12-19-2024 | 01:35 PM
#4
On Reserve
Joined: Jan 2019
Posts: 57
Likes: 21
It might serve them well to stay in their niche and grow incrementally and methodically. Seem like Spirit got too big too fast and imploded.
12-20-2024 | 10:51 AM
#5
On Reserve
Joined: Apr 2024
Posts: 71
Likes: 0
before these larger bond holder take everything in a liquidation during chapter 7.
12-20-2024 | 10:59 AM
#6
Line Holder
Joined: Sep 2017
Posts: 1,169
Likes: 164
From: NK CA
Try again in english please.
12-20-2024 | 11:41 AM
#7
Banned
Joined: Jul 2023
Posts: 633
Likes: 32
12-20-2024 | 01:11 PM
#8
On Reserve
Joined: Sep 2021
Posts: 72
Likes: 1
Spirit declare “BUNKRUPTCY!!!!1!” (Chapter 11) to wipe out all the people holding the stock. (Common folk)
the company is now owned by the people that hold the debt eg BlackRock and other big scary private equity. They force the chapter 11 to gain full control of the company then turn around to make big money when they sell the pieces off. In chapter 7.
i think that’s what he’s trying to say.
the company is now owned by the people that hold the debt eg BlackRock and other big scary private equity. They force the chapter 11 to gain full control of the company then turn around to make big money when they sell the pieces off. In chapter 7.
i think that’s what he’s trying to say.
12-20-2024 | 02:19 PM
#9
Line Holder
Joined: Dec 2018
Posts: 508
Likes: 5
Spirit declare “BUNKRUPTCY!!!!1!” (Chapter 11) to wipe out all the people holding the stock. (Common folk)
the company is now owned by the people that hold the debt eg BlackRock and other big scary private equity. They force the chapter 11 to gain full control of the company then turn around to make big money when they sell the pieces off. In chapter 7.
i think that’s what he’s trying to say.
the company is now owned by the people that hold the debt eg BlackRock and other big scary private equity. They force the chapter 11 to gain full control of the company then turn around to make big money when they sell the pieces off. In chapter 7.
i think that’s what he’s trying to say.
12-20-2024 | 03:33 PM
#10
Line Holder
Joined: Sep 2017
Posts: 1,169
Likes: 164
From: NK CA
Spirit declare “BUNKRUPTCY!!!!1!” (Chapter 11) to wipe out all the people holding the stock. (Common folk)
the company is now owned by the people that hold the debt eg BlackRock and other big scary private equity. They force the chapter 11 to gain full control of the company then turn around to make big money when they sell the pieces off. In chapter 7.
i think that’s what he’s trying to say.
the company is now owned by the people that hold the debt eg BlackRock and other big scary private equity. They force the chapter 11 to gain full control of the company then turn around to make big money when they sell the pieces off. In chapter 7.
i think that’s what he’s trying to say.
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