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Yellow | Woah not so fast investors, docket #1833

Triplex said:
Where do you folks come with this idea that investors are somehow going to profit at the expense of the workers? Isn't it a fact that any worker at any time could have purchased Yellow shares and become an "investor" and also be able to share in the huge "profits" you talk about? :duh:
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Ok... I'll ask a different way... Because I am not no expert on any of this. You can call me a dumb azz if you want.

Let's say after the sale.... I'm just using numbers... Not accurate numbers....

They get 4 billion dollars from the liquidation..... To pay off the debts 3 billion dollars cover it .

So where does the remaining 1 billion dollars go?

I'm just asking because I m just a truck driver and not a financial wizard.
 
Stimpy said:
Ok... I'll ask a different way... Because I am not no expert on any of this. You can call me a dumb azz if you want.

Let's say after the sale.... I'm just using numbers... Not accurate numbers....

They get 4 billion dollars from the liquidation..... To pay off the debts 3 billion dollars cover it .

So where does the remaining 1 billion dollars go?

I'm just asking because I m just a truck driver and not a financial wizard.
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As far as I know, and that may not turn out to be very far; after ALL the debts are satisfied there is no court mandate to continue liquidating assets under the CH. 11 bankruptcy court proceedings.

50ish million shares of Yell.Q out there. If there was an excess of $1B, that's about 5x the current market cap. Shares are trading at about $4/share today. Feel free to buy as many as you wish if you think the investors/shareholders stand to make a buttload when the dust settles.
 
EX396 said:
As far as I know, and that may not turn out to be very far; after ALL the debts are satisfied there is no court mandate to continue liquidating assets under the CH. 11 bankruptcy court proceedings.
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So what will happen to the remaining property..... It has a dollar value amount?

I'm just trying to learn.

I don't understand.
 
Stimpy said:
So what will happen to the remaining property..... It has a dollar value amount?
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It belongs to YRC. All free and clear with no outstanding debts. They can do with it what they wish. CH.11 isn't CH.7. Maybe they become landlords instead of a trucking company.

I don't think there will be much left when all the dust settles. Everybody (secured and unsecured creditors) would have to be paid in full as well as every cent of legal costs. The longer this drags on the higher those legal costs are going to be.
 
Triplex said:
The pension fund received the payments contractually agreed to by the membership. Woulda, shoulda, coulda doesn't factor in at all. What does your crtystal ball say the winning lottery numbers are this week? :idunno:
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The agreement was for the company to one day pay the -75% contributions back someday.
 
Triplex said:
So what, that hasn't stopped others from offering financial advice here. :hysterical: :hilarious: :438:
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I'm not claiming that I know how this bankruptcy is working .

I'm asking questions about it.

I'm not sure anyone who posts here has a clue of what is going on.

I guess it's based on interpretation and how you interpret what's going on
 
EX396 said:
It belongs to YRC. All free and clear with no outstanding debts. They can do with it what they wish. CH.11 isn't CH.7. Maybe they become landlords instead of a trucking company.

I don't think there will be much left when all the dust settles. Everybody (secured and unsecured creditors) would have to be paid in full as well as every cent of legal costs. The longer this drags on the higher those legal costs are going to be.
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True. The bigger problem is: the lawyers really have no incentive to wrap this up. They're billing the big bucks and they get paid first. I agree with you that when the dust settles, there isn't likely to be much (if anything) left.
 
Real Teamster said:
True. The bigger problem is: the lawyers really have no incentive to wrap this up. They're billing the big bucks and they get paid first. I agree with you that when the dust settles, there isn't likely to be much (if anything) left.
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Yep. Don't know the workable solution to that. I wonder how much "control" the BK judge has over the various firms' billable hours or rates for their services? I have seen a docket or two where there was some legal proceeding approving legal fees, which leads me to believe there is at least the option to reject said fees. Doubtful that happens very often.
 
Stimpy said:
I'm not claiming that I know how this bankruptcy is working .

I'm asking questions about it.

I'm not sure anyone who posts here has a clue of what is going on.

I guess it's based on interpretation and how you interpret what's going on
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My guess is, a bunch of thieving!!!! Any time theirs a pot of money (social security/pension funds) crooks are near by.
 
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