Dune Energy Inc.(fka DUNRQ)

[keekee]

Unfortunately there are no sure answers here. Everything pretty much depend on the bidding process and how the court decides to treat the proceeds. My interest here stems from a number of things, including the fact that the assets are "high quality." That is the language Eos used in describing the assets after they initially announced a merger. Further, Eos agreed to pay $22 million for the common stock. In the negotiation, my guess is that they wanted to lower by 40 percent. Dune mgmt refused and Eos allowed the offer to expire. So, we are all doing educated guesses here and investing comes with its risks. The good news is that Dune will complete the process within 130 days so we won't have to wait long to find out.