Maybe bankruptcy law is different in Belgium than it is in the United States, but your expectations for the April 9 date are ludicrous.
For your information, PNGX has already emerged from bankruptcy, and as expected, the company has been turned over to its creditors and the existing equity has been wiped out. This, by the way, is how 90% of all Chapter 11 filings turn out.
Your notion that the PNG assets would somehow revert to EVFN is probably one of the wildest theories I have heard on this message board. As a reminder, this company spun off the assets in satisfaction of about $50m in debt. The LNG plant was and is operating at break-even operating margins and predictably buckled under the ridiculous debt load. Hopefully, with the restructured Balance Sheet, it has a chance to succeed.
Your theory is that EVFN spun this thing off to expunge $50m in debt and now that it is in bankruptcy, they'll get the assets back while the debtholders get completely hosed? Only a European could think this way.
I know you'll never respond to my posts, and why would this be any different. By the way, your inability to debate salient company issues further weakens your drive-by pumps.
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