Earl (08-25-2019)
Personal Ignore Policy PIP: I like civil discourse. I will give you all the respect in the world if you respect me. Mouth off to me, or express overt racism, you will be PERMANENTLY Ignore Listed. Zero tolerance. No exceptions. I'll never read a word you write, even if quoted by another, nor respond to you, nor participate in your threads. ... Ignore the shallow. Cherish the thoughtful. Long Live Civil Discourse, Mutual Respect, and Good Debate! ps: Feel free to adopt my PIP. It works well.
Earl (08-25-2019)
Blackjewel LLC filed for bankruptcy July 1 owing $6 million to its 1,700 workers in Wyoming and Central Appalachia, including more than $4,000 in unpaid wages to Kentucky coal miner Chris Rowe in Cumberland.
Blackjewel also owed $32 million in loans to Riverstone Holdings, an international investment firm that manages $39 billion in capital.
Guess who is likely to get paid in coming weeks.
Riverstone is listed in bankruptcy court filings as the “super-priority senior secured debtor-in-possession,” with a lien on Blackjewel assets currently being sold for millions of dollars. It was Riverstone that wrote that contractual description of itself when it made its first $28 million loan to Blackjewel two years ago, putting it at the top of the heap today, according to court filings.
Riverstone enjoyed such a strong position that when it made a second loan to Blackjewel for $5 million, two days after the July 1 bankruptcy filing, it was able to demand the resignation of Blackjewel chief executive Jeff Hoops and all members of Hoops’ family. (Hoops has blamed Riverstone for forcing his company into bankruptcy by refusing to extend repayment terms for the 2017 loan.)
“It looks like Riverstone should emerge from this virtually unscathed,” said Clark Williams-Derry, an energy industry finance analyst for the Sightline Institute in Seattle.
“As for everyone else — the bottom line is, the workers, the vendors, the government agencies, all of the other creditors that are still owed millions, they’ll be left at the end of the line fighting for scraps,” Williams-Derry said. “The American bankruptcy system right now favors the financiers. That’s just the way our laws are written.”"
Unlike miners, this lender to emerge from Blackjewel bankruptcy ‘virtually unscathed’
Personal Ignore Policy PIP: I like civil discourse. I will give you all the respect in the world if you respect me. Mouth off to me, or express overt racism, you will be PERMANENTLY Ignore Listed. Zero tolerance. No exceptions. I'll never read a word you write, even if quoted by another, nor respond to you, nor participate in your threads. ... Ignore the shallow. Cherish the thoughtful. Long Live Civil Discourse, Mutual Respect, and Good Debate! ps: Feel free to adopt my PIP. It works well.
Earl (08-25-2019)
CharacterAssassin (08-29-2019)
The coal company has compassion - for the big money investors, not the miners.
"As angry coal miners continued to block a set of railroad tracks in Harlan County Friday, the miners’ former employer, Blackjewel LLC., sought a court order to let a disputed coal train pass through the blockade.
Read more here: https://www.kentucky.com/news/state/kentucky/article234307937.html#storylink=cpy"
Blackjewel seeks court order to move disputed coal train as miner protest continues
Personal Ignore Policy PIP: I like civil discourse. I will give you all the respect in the world if you respect me. Mouth off to me, or express overt racism, you will be PERMANENTLY Ignore Listed. Zero tolerance. No exceptions. I'll never read a word you write, even if quoted by another, nor respond to you, nor participate in your threads. ... Ignore the shallow. Cherish the thoughtful. Long Live Civil Discourse, Mutual Respect, and Good Debate! ps: Feel free to adopt my PIP. It works well.
Earl (08-25-2019)
Sad story, hopefully they get paid....... This is the kinda misery that is caused & the rip-offs that occur when a company does a "strategic" filing like that..
The old days the governor would have sent out the national guard for target practice..
THIS IS ONE OF TRUMPS PROTECTED GROUPS, SO MAYBE HE WILL TAKE UP FOR THEM AGAINST THIS COMPANY DOING WHAT HE HAS DONE OH SO MANY TIMES...
"There is no question former President Trump bears moral responsibility. His supporters stormed the Capitol because of the unhinged falsehoods he shouted into the world’s largest megaphone," McConnell wrote. "His behavior during and after the chaos was also unconscionable, from attacking Vice President Mike Pence during the riot to praising the criminals after it ended."
"There is no question former President Trump bears moral responsibility. His supporters stormed the Capitol because of the unhinged falsehoods he shouted into the world’s largest megaphone," McConnell wrote. "His behavior during and after the chaos was also unconscionable, from attacking Vice President Mike Pence during the riot to praising the criminals after it ended."
"There is no question former President Trump bears moral responsibility. His supporters stormed the Capitol because of the unhinged falsehoods he shouted into the world’s largest megaphone," McConnell wrote. "His behavior during and after the chaos was also unconscionable, from attacking Vice President Mike Pence during the riot to praising the criminals after it ended."
You can really see who loves the coal miners.... Scum like ralph laugh @ their plight & trump has yet to send his tweets........
Bernie Sanders sends pizza to miners blocking coal train
"There is no question former President Trump bears moral responsibility. His supporters stormed the Capitol because of the unhinged falsehoods he shouted into the world’s largest megaphone," McConnell wrote. "His behavior during and after the chaos was also unconscionable, from attacking Vice President Mike Pence during the riot to praising the criminals after it ended."
Last edited by PoliTalker; 08-25-2019 at 08:44 AM.
Personal Ignore Policy PIP: I like civil discourse. I will give you all the respect in the world if you respect me. Mouth off to me, or express overt racism, you will be PERMANENTLY Ignore Listed. Zero tolerance. No exceptions. I'll never read a word you write, even if quoted by another, nor respond to you, nor participate in your threads. ... Ignore the shallow. Cherish the thoughtful. Long Live Civil Discourse, Mutual Respect, and Good Debate! ps: Feel free to adopt my PIP. It works well.
Amy McGrath is kicking Moscow Mitch to the curb...…...he's f'n tosat
Personal Ignore Policy PIP: I like civil discourse. I will give you all the respect in the world if you respect me. Mouth off to me, or express overt racism, you will be PERMANENTLY Ignore Listed. Zero tolerance. No exceptions. I'll never read a word you write, even if quoted by another, nor respond to you, nor participate in your threads. ... Ignore the shallow. Cherish the thoughtful. Long Live Civil Discourse, Mutual Respect, and Good Debate! ps: Feel free to adopt my PIP. It works well.
LOL, a lil greasy pepperoni rubbed in trump's wounds.........
"There is no question former President Trump bears moral responsibility. His supporters stormed the Capitol because of the unhinged falsehoods he shouted into the world’s largest megaphone," McConnell wrote. "His behavior during and after the chaos was also unconscionable, from attacking Vice President Mike Pence during the riot to praising the criminals after it ended."
Well now that Canada has exposed the fraud regarding CO2, cial can resume it's role.
"Those who vote decide nothing. Those who count the vote decide everything." Joseph Stalin
The USA has lost WWIV to China with no other weapons but China Virus and some cash to buy democrats.
Hello Celticguy,
That's just myth-clinging. Everybody wishes it was a fraud or a trick or a hoax. That would be so awesome if it was just some big trick. It's not. It's real. More and more people are getting it. Sooner or later you will too. The best thing that could happen to that coal would be to dump it back into the mine and seal it up.
Personal Ignore Policy PIP: I like civil discourse. I will give you all the respect in the world if you respect me. Mouth off to me, or express overt racism, you will be PERMANENTLY Ignore Listed. Zero tolerance. No exceptions. I'll never read a word you write, even if quoted by another, nor respond to you, nor participate in your threads. ... Ignore the shallow. Cherish the thoughtful. Long Live Civil Discourse, Mutual Respect, and Good Debate! ps: Feel free to adopt my PIP. It works well.
"Those who vote decide nothing. Those who count the vote decide everything." Joseph Stalin
The USA has lost WWIV to China with no other weapons but China Virus and some cash to buy democrats.
Hello Celticguy,
I know nothing about that case so I am not in a position to argue about it. I trust the major media to break the story if there is anything significant to it. What I do understand is that the best place for that trainload of coal would be back in the ground.
Personal Ignore Policy PIP: I like civil discourse. I will give you all the respect in the world if you respect me. Mouth off to me, or express overt racism, you will be PERMANENTLY Ignore Listed. Zero tolerance. No exceptions. I'll never read a word you write, even if quoted by another, nor respond to you, nor participate in your threads. ... Ignore the shallow. Cherish the thoughtful. Long Live Civil Discourse, Mutual Respect, and Good Debate! ps: Feel free to adopt my PIP. It works well.
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