All I can say is that you people are bunch of Criminals and that the screw job you gave to the common stock holders like my son who faithfully held on to his 400 shares for years only to find a reverse split and then as I am reading now that all common stock will be cancelled and only a re-issuance of new stock as the company comes out of Chapter 11 without any redress to people like my son and I am sure many others is Criminal. I hope that some people get together and bring a class action suit against Arch and for sure I will urge my Son to be part of it. You are nothing but a pack of dishonorable thieves insensitive to the losses of just ordinary people like my son who invested his hard earned saving in your Company. Shame on you all.
What will happen to the Arch common stock that I own? Will I receive any compensation if the
stock is cancelled?
· Arch’s agreement with the majority of the company’s senior lenders provides that, upon the
company’s emergence from Chapter 11, Arch’s existing stock will be cancelled and the senior
lenders will receive the substantial majority of the new stock in the reorganized Arch Coal.
· Any recovery to existing stockholders will ultimately be determined in connection with the
company’s Plan of Reorganization upon emergence from Chapter 11. We do not expect existing
Arch stockholders to receive any recovery at the end of the restructuring process.
But “ new stock” to your senior lenders……Jesus tell where there is Justice……
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Biophilos
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