Well, if you read the last ER earlier this month, including restricted cash, HERO had $564 million in cash and equivalent. The total liabilities was $521 million. So pretty much cash at hand more than offset liabilities. Then the other assets were about $500 million. So you can see that even at 20 percent, they will still get over $100 million or about five times current pps. Now, as oil goes up, the assets have more sale value. Investors have noticed and are buying shares. Bear in mind that even companies that file in situations where no chances of recovery sometimes trade at over $30 million mkt cap. See SUNEQ....etc. Here, the cash is pretty much guaranteed
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