UnderSea Recovery Corporation (UNDR)

[WebSlinger]

<< what was Madero getting in return for the $10m? >>

Madero was to receive an interest in the Pedro Bank Shipwreck Exploration and Excavation, and a warrant for 17% of UNDR's common stock.

<< ANd if the judge rule in UNDR's favor, does Madero get what it was supposed to get per the terms of the original deal? >>

No, Madero has never replied to the court case since it was started (about 2 years ago). As such, they will lose the case by default and will not receive anything (since they never defended themselves).