Cal Dive International Inc (CDVIQ)

[shanon1]

Ya but cal D tried to sell it as a de minimis asset sale, this is where it gets real fishy, of course that is why it was under cover, never needed court approval only approval from DIP and creditors and we see what they have done, dimes on the dollar, after all they were the idiots lending money on worthless collateral, so even these equities certificates on foreign subs and from the list it looks like all that cal D had left to its name and by the way according to the monthly op report that values investments in subs at over 30 million is a de minimis asset sale. This really looks to me like it was going to be a give away to insiders tho that would be against bankruptcy rules (see I wonder if your on a consultant agreement are you a insider?) but the deal fell apart and makes me wonder why they pulled out, DOJ investigation of all that funny money from out of Mexico, Panama papers, Unaoil, I think the heat got turned up so they backed out, really like the part of free and clear of all liens that they had for de minimis asset sales. If it is so valueless and causing a cash drain then they should go the remaining route and abandon the de minimis assets just like everyone owed money here, there is nothing left, just walk away and leave the shell with the paragraph describing what we do and the Cal Dive marks and let the shareholders have her.