GREY:NKRSF - Post by User
Comment by
Manthebullon Jul 21, 2019 6:19pm
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Post# 29944497
RE:Confirming what we know
RE:Confirming what we knowSo recent RIL financials show that Niko's interest is being transfered to RIl and BP while thats true. I beleive that started after a settlement, as Niko mentioned in latest financials that RIL and BP are looking to settle the claim.
We dont know what the settlement amount is as its probably not material and is below $180 million whihc goes to lenders 100%. Our only hope is to find it out in August financials and hope for a settlement worth $100 million or more as the assets in banlgesh will probably be more than 80 million gives us ( noteholders and commons some money back)
so lets say if we end up with 190 million after dispoing everything Niko has 10$ million = 29% to noteholders = 2.9 Million to be distributed for note holders.
All these are my assumptions