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Re: Jacob-03 post# 651

Friday, 08/21/2015 6:00:48 PM

Friday, August 21, 2015 6:00:48 PM

Post# of 1843
The BP lawsuit, if acted upon, should rightly be $3-$5 per share of value. Of course it will be settled for less -- but this is the major source of value now that Cal Dive (partly due to BP et al) was wiped out.

Even if Cal Dive ceases operations entirely, the corporation should not be dissolved -- and the shares not cancelled -- until this claim is settled.

BP might e.g. acquire Cal Dive as the quickest way of eliminating this rightful claim.