Yellow | A bullish and bold statement from Yellow's legal team on Friday

[Hotboy Ice]

"...based on filings earlier this week, the Debtors successfully auctioned just a portion of their real estate portfolio for nearly $1.9 billion, more than double the appraised value. When added to remaining assets still to be sold, there should be significant value not only for unsecured creditors, but also for prepetition shareholders. In other words, these chapter 11 cases should result in the truly rare circumstance of allowed claims being paid in full and equity holders obtaining a material recovery, even in the face of the destruction of the Debtors’ business."

Refer to docket #1322, released on Friday evening. A game changer, buy the stock (YELLQ) and hang on into 2024.

 

[wongway]

"" In other words, these chapter 11 cases should result in the truly rare circumstance of allowed claims being paid in full and equity holders obtaining a material recovery, even in the face of the destruction of the Debtors’ business.""" ?????? So your saying we still got a chance to recover our -15% yellow haired step-child support we paid in for years then ??

 

[joefirm]

"" In other words, these chapter 11 cases should result in the truly rare circumstance of allowed claims being paid in full and equity holders obtaining a material recovery, even in the face of the destruction of the Debtors’ business.""" ?????? So your saying we still got a chance to recover our -15% yellow haired step-child support we paid in for years then ??

Never coming back....There was never a guarantee that he 15% taken would ever be given back.

 

[Treman530]

Never did I ever have any expectation of seeing that 15% come back. That was a dead issue for me from the day they came to our terminal and put that out to us.

 

[Marlin444]

Nope. Not getting something back everyone agreed to give.

 

[BIG R GUY]

"" In other words, these chapter 11 cases should result in the truly rare circumstance of allowed claims being paid in full and equity holders obtaining a material recovery, even in the face of the destruction of the Debtors’ business.""" ?????? So your saying we still got a chance to recover our -15% yellow haired step-child support we paid in for years then ??

We have been through this, partner, many times. You have been claiming, loss of income, 15%, on your 1040 since 2009. The IRS has told you that.

 

[wongway]

We have been through this, partner, many times. You have been claiming, loss of income, 15%, on your 1040 since 2009. The IRS has told you that.

Correct . my tax guy said I have like 5 more years that I can claim the -15% of the lost on my taxes , as you can only claim so much of the lost per year , like a Stock lost from my Enron & Yellow Stock , just wish I would have listened to Patel when he told me not to buy Enron & Yellow Stock !

 

[bubbagump]

Correct . my tax guy said I have like 5 more years that I can claim the -15% of the lost on my taxes , as you can only claim so much of the lost per year , like a Stock lost from my Enron & Yellow Stock , just wish I would have listened to Patel when he told me not to buy Enron & Yellow Stock !

I don't know how your claiming loss of income when it was agreed to?

 

[Stimpy]

I don't know how your claiming loss of income when it was agreed to?

Sarcasm.....

 

[bubbagump]

Damages received to compensate for economic loss, for example lost wages, business income and benefits, are not excludable form gross income unless a personal physical injury caused such loss.

 

[bubbagump]

Straight from the IRS.

 

[seabreeze]

Correct . my tax guy said I have like 5 more years that I can claim the -15% of the lost on my taxes , as you can only claim so much of the lost per year , like a Stock lost from my Enron & Yellow Stock , just wish I would have listened to Patel when he told me not to buy Enron & Yellow Stock !

Smart people like me bought Lucent and Linn Energy

 

[seabreeze]

"" In other words, these chapter 11 cases should result in the truly rare circumstance of allowed claims being paid in full and equity holders obtaining a material recovery, even in the face of the destruction of the Debtors’ business.""" ?????? So your saying we still got a chance to recover our -15% yellow haired step-child support we paid in for years then ??

About as much as eating sawdust and crapping 2x4s

 

[bubbagump]

Straight from the IRS.

But hey if you can get by with it more power to ya! But to claim 5 more years for a company that isn't even in business anymore? All I know my tax lady said absolutely not from the start in 09 so I never tried.

 

[victor93]

Smart people like me bought Lucent and Linn Energy

I’ve lost my shirt investing in screen doors for submarines

 

[Real Teamster]

I’ve lost my shirt investing in screen doors for submarines

If that submarine had only been a Yellow submarine, and the band had begun to play, you would have made a killing on those screen doors.

 

[Real Teamster]

Correct . my tax guy said I have like 5 more years that I can claim the -15% of the lost on my taxes , as you can only claim so much of the lost per year , like a Stock lost from my Enron & Yellow Stock , just wish I would have listened to Patel when he told me not to buy Enron & Yellow Stock !

Wong, is your tax guy Bernie Madoff?

 

[crazy]

I don't know how your claiming loss of income when it was agreed to?

Not everyone agreed to the 15% cut..

 

[crazysandy]

Not everyone agreed to the 15% cut..

Nope but everyone got it.

 

[crazysandy]

Of course in my perfect world since he stayed at Yellow and lost years in pension until he went over to ABF. We would be able to some how buy those years contributions back. Think we all have figured out at 2 things life is not fair and we do not live in a perfect world. Hope everyone's Monday is decent