There is no question about it.... nothing to write off either.
Mercuria is all you need to know.
Thanks to them Kravitz & Kobre-Kim are working it.
This isn't the first time LTU's have been dispersed in Accounting Malfeasance cases.
It wont be the last.
I just wanna hear what Melisandis is gonna get. It should be quite a treat.
I still remember when Eike Batista in Brazil got taken down with that PetroBras debacle. Everyone thought that the most untouchable Billionaire in Brazil would be free.
In Rootjim's conversation when he called, they indicated Class A would get recoveries but not Class B. I still think they are playing CYA with whoever they are talking to. I can see no reason why they would expect only Class A recoveries. If they get judgements and have cooperation with the necessary legal authorities to collect it's gonna rain on all of us.
If they can get $300 mil they can get $500 mil. And that's almost $3/sh by the time the others take their slice and it gets down to us. It may take a while, but I'm still confident we end up with something.