Did anyone see the latest new article a few days ago? Lost status of being the billionaire :( as well as how much debt he is in.. was a mention about a filing of potentially filing of bankruptcy... Oh! NO..
Take into account that Brazil is an extremely corrupt country and Mr. Batista may be partner with current and former presidents. In Brazil anything goes.
So are we now trading merely on the estimated reserves in the drilling blocks we control or have we already somehow lost those?