Replies to post #2311 on Hercules Offshore Inc (fka HEROQ)

[mike_dotcom]

Of course the 4.23 is real. But that is a total of the asset value as of Dec. 2, 2016. Since then we have been paid .75 per share so I'm not sure if that will be deducted from the 4.23. I guess we'll know more when the next monthly report is issued. A lot has happened since the last report. There were two distributions to the Wind Down Claimholders and some sales of assets have settled.

[mike_dotcom]

Third payment made to the lenders - $12 million more. This is playing out just as I thought it would. They are making this last as long as possible to drain all the money they can from what's left. I doubt there will be anything left over after a couple more years of this BS.

[mike_dotcom]

Nothing on the docket, yet they won't distribute any more of the cash. My suspicion is they want to draw this out as long as possible until they soak up all the remaining cash. Just another giant SCAM.