Afraid anyone long maybe screwed as things seem to be falling apart as Batista can not raise enough money selling assets. I am here as thought he would exercise his put to buy shares but now that doesn't seem possible.If the second oil field doesn't come in with record amounts we're all screwed.
Batista is an AR@$@#%E - an arrogant opportunist who has used his fathers influence; basically a no hoper!! dump your shares while u can....remember Brasil is still an emerging economy-shoddy management, poor planning/deadlines seldom met and projects never completed with future maintenence in mind. many better stocks in brazil to `speculate`!!!! (invest?do your DD)
Wonder WHY he put his son in charge of the drilling??? if I have that "correct" Didn't Batista purchase a million dollars in PUTS here some months ago??? Thought I read that comment somewhere..... Dave the Novice
Yep. I predicted this a long time ago and hopefully some folks were spared Yes, the longs will lose everything. His companies are in the ropes but Batista likely has been putting money aside for himself for a long time. He is not going to jail in Brazil because corruption and impunity for people with money to pay into the judicial system is the "law of the land" down there. His assets in the Centennial LLC in Nevada would be the closest target for US investors, if applicable. I never bought his #$%$ but the folks who lost money may try to go after him and his US assets. Good luck.
Those who can pay into the judicial system in Brazil never go to jail. Batista is white, blue eyed which makes that even more unlikely. Pretty much only the poor, blacks and mixed race go to jail in Brazil.Sad, but true.