I'd bought a very small amount of this stock upon its emergence, without really looking into what its capital structure would look like. Now with the 10Q out I see that they had to issue a massive amount of warrants to the various creditors that otherwise got wiped out in BK, and all of such warrants are now deeply in the money. As far as I can tell, these warrants don't expire for another 5 years and there are no provisions for acceleration of their expiration date, no matter how high the price of CHK stock goes.
Just curious whether anyone else has looked into this and if so, how are you factoring in the dilutive effect of these warrants? 5 yrs. is a long time to have to deal with these things.