PLAINTIFFS’ MOTION TO ENTER DEFAULT JUDGMENT
Plaintiffs in the case have notified the judge to prepare to hear motions for default judgment against Puda Coal Inc. and Ming Zhao at her earliest convenience This is pretty much going to be the end result of this case. I would expect a monetary judgment in the 200 million dollar range which would include the receipts tally of at least one, perhaps two, stock offerings and damage claims... Uncollectable, would be my forecast.