Yellow | Woah not so fast investors, docket #1833

[JonhWick]

I really don't know the answer to that, if they did pay that after the closure or if it's a claim in the bankruptcy court.

No they did not pay June and July my last contribution to my 401k in the west was in May it’s part of the claim against yellow with the vacation owed to me

 

[EX396]

Based on my experience with a BK employer and 401(k) contributions ALL of our contributions withheld from our check was treated one way, (100% paid priority) the amount that our employer was to contribute was treated differently (pennies on the dollar in our case). If there's enough funds to cover all claims than it's immaterial, only a matter of when.

 

[ABF381]

Wow, so all the owners/investors (shareholders) who actually invested real money to purchase shares of Yellow should get screwed? I really can't believe you're saying that. If they didn't do their homework by investing in a "failing company" shouldn't employees who didn't do their home by working at a "failing company" be treated the same way? And by the way, stock splits do absolutely nothing to change a persons total investment in a company. Stock splits are like exchanging 5 one dollar bills for one five dollar bill, you still have the same value.

Reread what I wrote about "bought stock in a failing company", then look at this....these are the kind of investors that don't deserve anything, vulture capitalists that didn't buy Yellow stocks because it was a decent company....just to feast on a dead carcass...they disgust me...

https://dealbreaker.com/2023/08/hedge-fund-certainly-doesnt-seem-to-think-yellow-has-run-out-of-road

 

[Wrench97]

So what will happen to the remaining property..... It has a dollar value amount?

I'm just trying to learn.

I don't understand.

It's still up for sale and as long as their is property there is a company and there will be a CEO to pay............................................

 

[BIG R GUY]

It's still up for sale and as long as their is property there is a company and there will be a CEO to pay............................................

And probably still paying rent on the Nashville office where they spent money to move corporate there so Hawkins didn’t have to commute to KC.

 

[dokman]

Looks like the stock games are coming to a close.

 

[ABF381]

Looks like the stock games are coming to a close.

What makes you say that?

 

[Wrench97]

And probably still paying rent on the Nashville office where they spent money to move corporate there so Hawkins didn’t have to commute to KC.

Na their renting a small office in his basement from him.

 

[dokman]

What makes you say that?

Very low volume, no bid and ask price. Schwab account won’t even acknowledge symbol. Daily chart is mostly flat.

 

[ABF381]

And probably still paying rent on the Nashville office where they spent money to move corporate there so Hawkins didn’t have to commute to KC.

I heard they saved 15% going to Nashville...

 

[Triplex]

I heard they saved 15% going to Nashville...

Was Wong the real estate agent for that move?