What do I think about the 8k?? Well, let me see.
In the 8k, USPR announced a joint venture whereby they give up 90% of their concessions they have been touting for years, to a private company, controlled by their former CEO, that they fired, who then sued them. Great.
They also state that in February 2017 the Mexican appellate court upheld a previous courts decision and awarded the Solidaridad concession, that USPR just gave up 90% of, even though they don't control it, back to the previous owners.
Plus the court awarded a $1 million judgement to the plaintiffs that have the option of garnishing uspr's assets to collect the $1 million.
So, USPR gives up 90% of the concession, which they no longer control, to their former CEO, that they fired, and owe $1 million they don't have.
I don't have words to describe how I feel about this.
I can't believe USPR isn't trading at $420 based on this news. This is clearly a $14 Trillion company, it's just people can't see it yet. Or....
This post is my opinion and should not be used as investment advice.
