Cal Dive International Inc (CDVIQ)

[shanon1]

I sold half my position yesterday, understanding that chapter 7 turns it all over to the trustee to liquidate and try to pay the unsecured creditors, this is the only good sign and meaning that the secured have to be paid up before the unsecured can begin. The good thing here with this is this unsecured debt had all the assets as collateral, we all know there is nothing left and if the secured have been made whole than Cal Dive International is free, from my memory it's because it was non recourse monies, meaning they can only get what was laid out as collateral not everything so there is still a chance some of those millions in their bank will remain, we will see and that's why I'll ride my remaining shares because it's been fun learning how all this has been panning out, besides all my shares sold means someone keeps buying, peeps don't buy worthless stock.