Novas medidas do Governo pressionam contas em 0,6% do PIB

[Bruno M]

Julgo que pedir o "charpter 11" é pedir a protecção contra credores. Durante essa fase a empresa pode ser restruturada, não sendo possivel aos credores exigirem a falência para o pagamento dos seus créditos. De qualquer forma gosto de empresas sólidas. Estas montanhas russas onde se pode ganhar muito, mas também perder tudo , não são para mim.

[Incognitus]

Oh fig, então tu não acreditas que a MIR "vá à falência", APóS ela falir? Pedir o Chp.11 É FALIR.

[fig]

...a 0.51 pois vai haver especulação pela certa, não acredito que vá á falência parece que é uma forma ultimaemnte de muitas casas fazerem verdadeiras fortunas, anunciam a capitulo 11 depois o público vende com medo, eles compram tudo de graça, depois fica esquecida uns bons meses para acumularem mais durante esse tempo e depois quando ninguem se lembra dela dizem que a empresa está a resolver os problemas e sobe num dia brutalmente iniciando nove fase de subida para despachar tudo o que tem.....ADSX,SIRI, UNWR, ITWO, MCLD e muitas outras parece que é a nova estratégia dos gestores de wall street...e quem as aproveitar e estiver com atenção poderá fazer verdadeiras fortunas.....ando a comprar DGEN e ALGX.

[Info]

Falou-se ontem aqui da euforia de volume e de volatilidade da Mirant... e parece que a tendência "espernear de vez" vai prevalecer... claro que não é o desaparecimento final... por enquanto "chapter 11":


6:48AM Mirant files for Chapter 11 bankruptcy protection (MIR:

Co files voluntary petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code. "Although we received broad support from the company's creditors on our restructuring plan, failure to obtain the timely support of our key lenders created substantial uncertainty in the marketplace about the outcome of these discussions.... Add to this, uncertainty about the timing of the recovery in power prices and a slow economic recovery in the U.S., and it became clear that a comprehensive financial reorganization was the best approach for our stakeholders." Since the plan of reorganization has not yet been developed, the treatment of existing creditor and stockholder interests in the company is uncertain at this time.

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Mirant Succumbs to Chapter 11 Pressure
By TSC Staff
07/15/2003 07:45 AM EDT

Ending weeks of speculation and months of struggle, Mirant (MIR:NYSE - news - commentary - research - analysis) sought chapter 11 bankruptcy protection in Fort Worth, Texas, citing increasingly restive lenders and a failure of power prices to bounce back.

The Atlanta energy merchant listed $20.6 billion in assets, $11.4 billion in debt and $1.17 billion in cash in its petition, which covers the parent as well as Mirant Americas Generation LLC, and virtually all of its subsidiaries except those in the Philippines and the Caribbean.

The company got $500 million of debtor-in-possession financing and said, "Worldwide operations are continuing without interruption and our vendors will be paid in full for all goods furnished and services provided after the filing date." It made a court motion seeking permission to keep paying its 7,000 workers.

Mirant's slow slide began with the rest of the merchant energy industry's with the decline of Enron in 2001, was exacerbated by allegations of wrongdoing in the California energy market and became unsalvageable because of a long slump in the price of power.

"Although we received broad support from the company's creditors on our restructuring plan, failure to obtain the timely support of our key lenders created substantial uncertainty in the marketplace about the outcome of these discussions," Mirant said. "This, in turn, put a strain on our liquidity and threatened the feasibility of our business plan. Add to this, uncertainty about the timing of the recovery in power prices and a slow economic recovery in the U.S., and it became clear that a comprehensive financial reorganization was the best approach for our stakeholders."

The company has yet to formulate a reorganization plan and therefore couldn't predict the outcome for its creditors and equity holders, though common stock almost always becomes worthless in a chapter 11 filing.