Replies to post #492 on Vantage Drilling Company Common Shares (VTGDF)

[Alpha1974]

Nothing about Vantage Drilling is a typical BK, OGIL went into BK and Vantage Drilling went into Liquidation in CI, but sold equity assets to OGIL under a promissory note that is due DEC. 2016.

I did contact my brokerage and there was no information concerning Vantage, so I did all the research and figured out even if they are in Liquidation there Equity Assets are tied up in a Promissory note and unless that is liquidated they would never be completely liquidated. That along with the fact they paid off creditors with 12% to 17% of the notes they would have received from the new OGIL, clarified that they will not be completely liquidated.

Under CI liquidation a company can operate a business one year later. Which would be roughly DEC. 2016 and coincides with the due date of the promissory note.

So, with that I think we will just have to agree to disagree.

[dhbyrd4]

I was and am an investor in HERO. Even though I got my cost basis and a little bit of profit out of hero the restructuring was for every 225 shares of the old stock you got one share of the new stock as well as some worthless warrants which were 100 to 1.