Vantage Drilling Company (VTGDF)

Based on
1. 474 shares VDC per VDI
2. $ 95.60 of note per share VDC, that would value VDC (VTGDF) at 95.6/474 = .20 dollars a share
3. Special dividend of 40 per share: 40/474 = .084 per share VTGDF

Any thoughts ?

Tomorrow the notes (stapled security VTGGF) will be converted into one ordinary share plus an ordinary share for each $ 95.60 of principle). So when VTGGF gets converted:

1. What will the ticker be of the ordinary share (rhetorical) ?
2. Will it be trade able on any market: NSE, OTC BB, or Pink Sheets ?
3. That will more than double the issued shares and if available for trading on a market will allow for more volume and price movements.

As far as VTGDF, the Nov 18th press release stated "...company announced that is delivered and instruction to the Trustee to effectuate the conversion {note}". My guess is that VTGDF will not be converted to Ordinary shares of the new company tomorrow. Who knows, we may be surprised.

Tomorrow will be an interesting day.

Petrobras Must Post Bond In $720M Award Row, Court Hears
Today in Law 360 well actually last night late
Law360 (February 15, 2019, 9:29 PM EST) -- Vantage Deepwater Co. has urged a federal court to halt Petrobras from transferring the proceeds of an upcoming $562 million sale of its Texas refinery outside the U.S. until the Brazilian.

Anyway, where is the speculation? Why isn't anyone gambling on VTG winning the final arbitration hearing?
I am at such a loss in that nothing is happening with the price of VTGDF!!!

WHY? WHY? WHY?
SMH

Just out and quite frankly in my opinion, Petrobras is not coming off as very reputable here!
SMH

Driller Blasts Petrobras' Subpoena Bid In $720M Award Row
Law360 (March 4, 2019, 4:21 PM EST) -- Vantage Deepwater Co. has told a Texas federal court that the American Arbitration Association shouldn't be subpoenaed as part of Petrobras' efforts to escape an offshore drilling-related arbitral award currently worth.

HOUSTON, Jan. 17, 2018 (GLOBE NEWSWIRE) -- Vantage Drilling International (“Vantage” or the “Company”), announced today that it has received a letter of award for a new 18 month contract with Carigali-PTTEPI Operating Company Sdn. Bhd. (“CPOC”) for its premium jack-up rig, the Aquamarine Driller. Under the contract, CPOC also has four extension options of three-month each.

Ihab Toma, the Company’s Chief Executive Officer, commented, “We are delighted to continue to work for our client, CPOC. This letter of award recognizes the long track record of excellent performance and hard work of the crew of Aquamarine Driller for our esteemed client CPOC. We look forward to commencing work on this new phase of their development while continuing to provide industry leading service for our client.”