Well folks, developments in the Tronox vs Fitzgerald estate have been too quiet for too long.
As I follow this board and become understanding of the scenerios as they develope, it amazes me as to the complexities involved.
Tronox unaware of Fitzgerald dealings with their past.
Tronox spun off fraudulently, file BK.
Tronox all of a sudden made aware of Fitzgerald case relative to the past claims ownership sue for fraud.
Anadarko Kerr Mcgee sued by Tronox for fraud.
Barrick involved as a possible fraud case if proven they had knowledge of land transferance fraud.
Seems to be a fairly obvious underlying case here regarding general fraud. Flavor of the day?
May I ask any of you as to what your thoughts may be concerning the claim any and all parties may have relative to the potential monies awarded from the Fitzgerald case.
It has been my contention that at this juncture Tronox would proceed with new plan exiting BK with firm knowledge relative to the Fitzgerald fraud case and its positive outcome.
Does the file suing Fitzgerald commenced prior to BK have any effect or will creditors seek to gain from these proceeds away from any EC claims?
If equity holders are awarded 30% of Tronox, this does not seem fair to me but then when did fair ever come into play where fraud and greed are rampant.
Equity holders really have little claim until the reoganization plan is released and stock valuation is agreed upon.
I really enjoy following this one..... sort of like a snake and ladders game from my youth. Allthough there appears to be more snakes here then ladders.
Well I guess I'll just keep rolling the dice since alternatives are not apparent.