US assets gone. Suits dropped without prejudice allows clawback (highly unlikely), but more than likely demonstrates the suits created more self harm than anything in a respective parties.
Pps trades at liquidation level including Brazil subsidiary being lost to failure of debt payment (all assets in Brazil are secured via ~$300k usd loan to former ge exec (side note a potential fit for board seat at bomay - this is important) or to a cannibalized effort by CNPC upon its entrance into Brazil.
As aeti is chairman of the board...a familiar face may be most prudent or problematic??? Could he fit (Brazil/ former ge exec)...outside looking in from where I can see; I say yes.
There is a centralization of assets and accountablilty occurring while simultaneously increasing flexibility.
The question is who is playing and how well they play?
I don’t think The Who entertained my positive long side....they’ve inherently created a ~$15m buyout price without any competition. Now add 1 or maybe 2 competitors. You have implemented a minimum $1.20 bid on common after preferred utilize rights.
The quick negative is the negative clear paper displayed without any insight and that puts us at .45 share. A cross 300% is typical in failure leaving us with an inevitable visit to .15!
This scenario is paved out accordingly... suits dropped as self harm
Brazil subsidiary is lost completely.
Bomay is relinquished at $10m....$5m to jch based on preferred rights and the other $5m divided amongst 9m shares common fully diluted...
I will retain my 50k position, but will wait for teens before adding further.....
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