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Yellow | Company says it will likely file for bankruptcy if offering fails

KK's thread in the forum with the actual SEC filing makes this out better... this newspaper has slanted the story some what and has left out details.

As with every other step taken thus far, chapter 11 has ALWAYS been an alternative.... and as the SEC filing states, 11 is still an option as well as other possible negotiations with stake holders (which includes the IBT at this point)....

December 7th.... a day that will live in infamy? Not likely.... sink or swim... live or die... it will be a part of history no body will remember. ;)
 
newpenn107 said:
I'm impressed that you were able to copy and paste that statement with your rose colored glasses on.:biglaugh:
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Now that is funny..........regular342 always has the answers but doesnt know the questions.......WAKEUP DUDE!!!!!!!!!!!............Your boy zollars put us here and now there is probably no way out and now he is down to his last straw......1.1 billion is still alot of debt and losing 155 million in q3 will not help.......In reality yrc still loss 250 million because they didnt have to pay the pension plans and regular342 still believes his buddy zollars will be the hero......nuff said......:TR10driving03:
 
YRC said it has no plans to file for Chapter 11 if it completes the offering as expected.
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Last sentence in article. Zollars seems to have IBT_JPM and Bondholders under control
 
Box Lover said:
The "cure" is the economy coming back strong! That is certainly not "nonexistent."
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You're 100% correct on the Cure! Unfortunately, it won't happen with the current Tax and Spend Crowd in Washington. We're at LEAST one more (probably longer) Administration away......
 
jimmy g said:
You're 100% correct on the Cure! Unfortunately, it won't happen with the current Tax and Spend Crowd in Washington. We're at LEAST one more (probably longer) Administration away......
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I really feel it won't happen with ANY administration. Our system of government is just too corrupt.
 
bankruptcy-court-sign.jpg

[size=+2] Another Bullet To Dodge[/size]
 
newpenn107 said:
All this bond deal does is get rid of some debt. Ok, now instead of 1.65 billion in debt they only have 1.1 billion in debt. And they are losing money every quarter still!! So what have they gained?? Not a thing.
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It allows them to lose money next quarter too and beyond fighting predators.
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YRCW to announce Q4 earnings Before Market
Jan 28..another bummer
 
pretty balsy sayin to even say they announcing earnings, becasue #1 there wont be earnings......they are working day to day.....and even of they pass this next obstacle and defer this or that, the bottom line is u still need to make money..and when the 18 months are up..and everyone has their hand out............does this b s start all over again???
 
imovaherenow said:
pretty balsy sayin to even say they announcing earnings, becasue #1 there wont be earnings......they are working day to day.....and even of they pass this next obstacle and defer this or that, the bottom line is u still need to make money..and when the 18 months are up..and everyone has their hand out............does this b s start all over again???
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No! Probably issue a bunch more stock and give us 95% of it in exchange. :nutkick: Disclaimer; Previous forward looking statement made with some "pie in the sky" assumptions. :shift:
 
Chart for YRC Worldwide, Inc. from link

* the company's 5.0% Net Share Settled Contingent Convertible Senior Notes and 5.0% Contingent Convertible Senior Notes due 2023,
the company's 3.375% Net Share Settled Contingent Convertible Senior Notes and 3.375% Contingent Convertible Senior Notes due 2023,
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.
that is long term debt..they would have to wait anyhow


*
the 8 1/2% Guaranteed Notes due April 15, 2010 of the company's wholly owned subsidiary, YRC Regional Transportation, Inc.
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junk bonds are paying good if you can get it.. and it looks like junk now..bondholders of corporate junk make big bets and get big rewards but they get beat a lot too..like the GM bondholders same deal..they own a pc of GM. I remember when Donald Trump sold bonds for his Castle casino in AC that was in trouble and built hi-risers in NYC with the money in a round-about way. Bondholders tool a good whack on that one and he lost the casino. But without all the debt they got YRC would be a going concern. That $500m + could make the difference. For an 8.5% return on money I would take a shot and let em roll. Ya can't lose em all either
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jimmy g said:
You're 100% correct on the Cure! Unfortunately, it won't happen with the current Tax and Spend Crowd in Washington. We're at LEAST one more (probably longer) Administration away......
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Tax and spend what kind of money do you make anyway.You sound like wealthy rebublican with his mountain top mansion.
 
It doesn't matter what kind of deal yrc gets as long as zollars is still around in the new deal it stated that 7 of 9 people on the board will resign does anyone know if zollars is one of those people????????

As long as $zollars is here there's no hope, if we could get a CEO that we could believe in then maybe we might come back the economy is the least of our problems
 
kingfishcafe said:
It doesn't matter what kind of deal yrc gets as long as zollars is still around in the new deal it stated that 7 of 9 people on the board will resign does anyone know if zollars is one of those people????????

As long as $zollars is here there's no hope, if we could get a CEO that we could believe in then maybe we might come back the economy is the least of our problems
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Zollars has driven this company so far in a hole,I can`t see where any good CEO would want to take over now.They needed to get rid of Zollars 2 years ago.They also should have gotten rid of the board of directors for keeping Zollars.Seems like the only reason he`s still here is to go down with the ship.Of course his life raft will be a 300 foot yacht filled with money.(his severance package).:TR10driving03:
 
money

macandb said:
Tax and spend what kind of money do you make anyway.You sound like wealthy rebublican with his mountain top mansion.
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It looks like the government will continue to grow unless it is overthrown. Political parties should have been outlawed by the constitution.
 
it's my option that this is what yellow wanted to do all along, by filing for bankruptcy then can pull out of the union, cut wages to where "they" see fit, Reorganize the company with out the union, and start to show profites right away.....after all they just "inked" the deal in paru to haul the mine equipment..

Lets watch and see
 
LCP771 said:
it's my option that this is what yellow wanted to do all along, by filing for bankruptcy then can pull out of the union, cut wages to where "they" see fit, Reorganize the company with out the union, and start to show profites right away.....after all they just "inked" the deal in paru to haul the mine equipment..

Lets watch and see
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I got some sad news for you. The only reason they would file for bankruptcy is because they lack liquidity and that would mean liquidation
 
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