Cal Dive International Inc (CDVIQ)

[ccdcm]

Cal Dive only exists on paper. They have no assets and they have no employees. A few ex-Cal Dive employees are working on a contract-basis as needed.

They only thing keeping it "alive" are the lawyers working through all the law suits, liens, etc. and the hail mary chance that Pemex will pay.

I'd imagine it'll go down like this:
--The suits & liens will be settled out in a few months
--Pemex will hold out on paying
--The amount spent monthly on lawyer fees trying to get Pemex to pay will eventually outweigh the potential collection and the banks will finally throw in the towel