AHQ 0.00% 1.3¢ allegiance coal limited

FYI WSJ Reporting Allegiance's U.S. Coal Mines Tap Lender Cash to Avert Shutdown, page-44

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    Cline (New Elk vendor) was one of the big losers in the AHQ disaster. Allegiances purchase of New Elk required it to repay the money from a cut of New Elk’s profit. And obviously it never turned a profit. Now that AHQ has gone belly up, New Elk ownership will probably transfer to Collins St. And Cline will receive little or nothing of what was owing. Not surprised to see Clines shareholders now writing of that debt as worthless. Another sad story
 
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Currently unlisted public company.

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