Monthly Archives: March 2017

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Chaparral Energy Emerges from Chapter 11

Capital Structure Pursuant to the Plan, each share of the Company’s existing common stock outstanding immediately before the Effective Date (including all options and warrants to purchase such stock) will be cancelled and of no further force or effect after the Effective Date. As of March 8, 2017, there were 1,392,706 outstanding shares of common…

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GrizzlyRock Thinks Vishay is Mismanaged Co

Link to Filing: https://tinyurl.com/mza5zd9 The Reporting Persons believe that the Issuer and the Issuer’s management (the “Management”) and Board of Directors (the “Board”) have systematically failed to deliver shareholder value.  The current Management and the Board publicly announced a go-forward that plan indicates no improvement for shareholders. The Reporting Persons further believe that the Issuer is…

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Walter Could Still be Ocwen Déjà Vu

(Update 4/13/17: My timing was atrocious on making this call just days before Q4 results.  The stock got decimated in reaction to company disclosure that it had hired Houlihan and Weil, Gotshal for a debt restructuring.  I believe that investors expect this to mean a bankruptcy filing or a highly dilutive out-of-court debt exchange.  In…

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Trinity Place Commences Rights Offering

Trinity Place Holdings Inc. (the “Company”) (TPHS) announced today that it has commenced its previously disclosed rights offering of up to 3,700,000 shares of its common stock. Under the terms of the rights offering, the Company will distribute 0.126093 non-transferable subscription rights to purchase shares of its common stock, for each share of its common…

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Stone Energy Emerges from Chapter 11

Stone Energy Corporation (SGY) (“Stone” or the “Company”) today announced that it successfully completed the conditions precedent to emerging from chapter 11 reorganization, and, accordingly, the Company’s Second Amended Joint Prepackaged Plan of Reorganization of Stone Energy Corporation and its Debtor Affiliates, dated December 28, 2016 (the “Plan”), that was confirmed on February 15, 2017…