BPZ Res. Inc. (fka BPZRQ)

[ofirm]

Just remember the old saying about the more laws and the less
Justice. You were not about to join a group worth of a lot of
respect (for the most part).
Regarding this company, you need to remember that this company
does not have any secured debt. that makes a huge difference
and the funds who bought the distressed bonds (at values much
higher than today) did not do that just to have management
sell it for $10.5M + turbines - professional fees...
The creditor's committee tried to use Blackrock for selling the
assets. the fee was to be $150,000/month + $1.75M at the end.
Lets see what the judge and the court say.
My estimate is that 51% of Z-1 alone is worth as much as the debt.
I find it hard to believe the panic is justified.
Good luck to you and hope your projection here is wrong.
FYI - Dune is a completely different story (which is why no funds
got attracted to it).