Replies to post #566 on Cal Dive International Inc (CDVIQ)

[shanon1]

No, 42 mil$ is what caldive will be left with as a projection in the budget from court doc #102, this is also after the sale of non core and core debtor assets, the secured creditors will be paid of, all the 30 + mil$ of unsecured bills like dry dock and tows and even duct tape will be paid (that's why there is no maritime liens), what's left is around 85 mil$ in foreign subs, also 12 mil$ will all ready be paid into future projects. Caldive will have 42 mil$ in cash, they have claims to BP, MV Sampson, and McMoran oil. Cape winds may still go, oil is over 60$ a barrel. It appears that the projected budget is excelerating its timeline with the complete sale of all assets as a going concern, when a stalking horse buyer posts the first bid per share we will know how much value all those pages of executary contracts are worth, it's not in the assets its in the contracts.

[SC777]

I still haven't heard anything back from the Trustee, I reached out after the May 27th meeting. Have you heard anything lintoid? It seems like there could and should be value here for equity, especially with the BP and other litigation out there. Why the F are we trading below .01 cent? Someone has been slamming the bid with 10K share hits for the past 3-4 months, it's driving me nuts.