Rusoro Mining Ltd V.RML

What's the possibility that

[Rockafellow2]

Conoco Phillips could bid 11b for all of citgo leaving nothing for the creditors thus covering themselves jmo

[astonbay]

Nothing would change. $11 billion would be distributed among the creditors according to the order posted earlier. The money goes to the creditors, they can't skip it. 

[slappyjo]

Aston, I believe you are correct.  If COF were to buy Citgo, the money would be distributed to the Creditors currently established by the court. I always thought it would be interesting if COF were to buy Citgo even without being a Creditor. They have the money plus it adds refineries and thousands of gas stations which is what they do. Add in the fact that they'd get back about $1.5

[RIDER1975]

Rockafellow, do you mean nothing will remain to creditors farer from the.front line, those who have more than 11 bn claim preceeding theirs? If so, you are rihjt . I would be exremely happy with a succesful 11-12 bn bid (would result in full payment to both RML and GRZ)..

[Rockafellow2]

Thanks Aston  and Slappy for clarifying that up for me ... Look like the ship is about to sail. s.......