Topics regarding layoffs at Chesapeake Energy Corp.
Wyoming was once the hot spot that was going to save the company and now it's considered not profitable. Was it because they spent so much money so fast trying to make it work and then the market crashed from the pandemic and wells were forced to be... — read more
go get em
Rumors of 200:1 stock split, delisting, bankruptcy, and lay-offs.
or be thrown out DL going to jail
Did you see it? Read dockets closely.
see dockets for more info
The fun starts on 7/20.
Any predictions? Jail or worse?
CEO put in poison pill because he was getting offers left and right but he would not remain the CEO. CEO paid himself handsomely IN CASH before BK. Were any of the performance metrics related to employee retention? Doubt it. Company did NOT... — read more
Are they afraid of what might be "discovered"?
Not only would management not give guidance for 2Q, but they stated they would not be reporting the results, either. What are they trying to hide? Certainly the results could not have been worse than 1Q. I'll tell you why: they're hiding money, or at... — read more
https://document.epiq11.com/document/getdocumentbycode/?docId=3689040&projectCode=CHY&source=DM Every shareholder should write a similar letter and sent for consideration.
May not go through
https://fortune.com/2020/06/29/chesapeake-energy-bankruptcy/ Lies, lies, and more lies.
Scams will be exposed. Guilty parties other than CHK mgmt and BOD include Franklin and Deutsche bank.
WSJ (6 July) in Sec. R/pg. 4 cited CHK as an oddity for filing BK end of June when just weeks before (early June) stock had shot up 180% in one day. Cracks are becoming wider...
Stay tuned for details.
https://www.google.com/amp/s/www.forbes.com/sites/terinaallen/2020/05/29/3-things-amy-cooper-did-in-central-park-that-destroyed-her-life/amp/ Her management is worse only she got caught. The same management that CHK management does business with.
Almost everyone except management loses unless company gets its way
Lawler Intentionally filed early in order to put pressure on Franklin Resources and expose them to litigation. He ensured there were provisions in place that would have the filing thrown out.
this week or next. Companies in bankruptcy always reduce workforce and don’t hand out severance packages, especially when they’re breaking contracts with other companies anyway. Save your money. If you must, get a second mortgage while you’re... — read more
Are they gonna shut down natural gas rigs to save operational costs, or they are still operating to produce natural gas for cash to pay debts
They want it at OTC so they can do this real quick and start back up. I hope it gets bogged down in lawsuits and has to go CH7. Lawler turned out to be a real slick thief and con man. He stopped talking at earnings and the RS it was all planned then... — read more
Looking elsewhere ... That's really humorous - in the current oil business climate, there is no "elsewhere" to look. Oil companies are shrinking, laying off staff, and there is a huge mob of recently unemployed oil business types chasing after any... — read more
Just checked Yahoo finance and it shows a stock price of $11.78 and zero volume.
Then they laid me off. Seems something is FU here
Pretty good at bankrupting companies
If there are more layoffs, what's going to happen with severance? Is it still an option or will people be cut with no compensation? As if I wasn't worried enough before...
Is this the right thing to do? It's the only thing to do. The only reason it wasn't sooner is that they were waiting on the executive bonus to be paid. That just occurred, so now that they have a fat cushion, go ahead and file. Have you also noticed... — read more