Arbitration is when they come to mutual agreement or settle out of court. If no agreement is meet than the court case goes on. From the court paper's I read VTG has agreed to arbitration and the Court does know where Su is. Su could lose big time but meaningless if no assets to dissolve. Than there is the lawyer's fees.
Not a good position to be in if you are a driller per the article. Interesting case.
Happy do you still own this stock? Vantage has offered to arbitrate with Su but they don't know where Su is. If SDRL is writing off PBR contract does that mean VTG may have a hard time getting payed.
They really need new management.
Didn't they do a reverse stock split 1 for 10 . Brian Yu was - 3% on his picks for last year.
If that happens I would put a $5.16 price on C.
With the shipping at a crawl on the West Coast could help better numbers do you think?
Didn't they say Citi had 25 million shares now. Not that I like Citi that much but the shorts are seeming to be making more noise. I am watching this week.
Just wondering what you are looking for in this stock. Everyone sees it different.
Thanks for your perspective.