THE SCOOP
Ok so here is the scoop from a very credible source:
1. They had 10 days to appeal the ruling and the 10 days has past. So no more appeals, the case it over which is good news for TEA.
2. The judge froze the company and CEO's bank accounts so a good chance they will get some cash out of them.
3. The property which will now be sold is PRODUCING and has many interested buyer (some which have been asking for it for many years). Chevron was interested and many other local players, so the property in California will be sold for a good amount of cash.
4. The CEO has a house in California which was worth approx 6 million, now maybe worth 3 or 4 million. Either way it will be taken.
Chances are TEA will get a GOOD portion of the 18 million dollars if not all of it.
Good luck to all.
thx