Chemtrade Logistics Income 6 50 Convertible Unsecured Subordinated Debentures T.CHE.DB.E

Court decision

[Brad329]

Looks like after costs this ruling should give us 2/5 of the price of the Cairo Ohio expansion or 4 months of distributions. Sounds good to me.

[raybay_98]

Another pump job? IMO, time to dump!

[GregC24]

Please explain how talking about factual news that is postive to the company is a "pump job".

[Brad329]

I love the ignore option here. Forgot all about that guy

[raybay_98]

Is the money in Chemtrade's bank account? No, there's a thirty day appeal window in which SPB could contest said verdict and if contested could there be a different outcome? As the saying goes, don't count your chickens until they hatch. JMHO

[Red_Deer]

Hey RayBay__You Actually SOUND/THINK a LOT Like KHERSON Used to DO !!!!!!!!!

[Johnyplows]

This post has been removed in accordance with Community Policy

[bttmfischer]

That is the way cases work. You got it raybay_98.

[Brad329]

So you think they will appeal, win and never pay the obligation they provided? 

[raybay_98]

Duh

[bttmfischer]

I do not know the anything about the trial itself, but if it wasn't a jury trial, the appeal court justices as a rule are reluctant to overturnn the verdict, unless there is an error in the proceedings. SPB (and I have a rather large number of shares in it) would be unwise to appeal IMHO. 

[GregC24]

Turns out the money is in their bank account... "Superior has filed an appeal against the judgment. While Chemtrade was paid $25.0 million in January, no gain has been recorded related to the judgment owing to the inherent uncertainties associated with the outcome of the appeal."