RE:RE:The Legal Principle of Comity
I am with you, though I never bought into this stock. No one can prove any criminal fraudulent conduct committed, or even the much lower civil liability threshold. We know write-downs or impairment charges are "non cash" items, but you can't prove Management did it to "bankrupt" the Company so as to steal it from shareholders. It does appear assets that were worth over US$9 billion a few years ago, and that the Company had received an offer of $6.50/share valuing the assets at close to $2 billion in 2015 all vanished by a stroke of the pen. It is unbelievable. Look at the O & G industry in the last 2 years. Hundreds of companies in the US oil patch went bust after taking impairment charges. This is done.