RE:RE:RE:RE:RE:RE:RE:Auction Starts Tomorrow I am really sorry for being misunderstood, didnt mean to be offensive.
In a nutshell I tried to give an explanation above . You are right, in this companys case, almost nothing left to the previous shareholders, literally,, as the company assets had been nstionalized by Venezuela. Once worth 10 $, this year 5 cent. A decade has been spent with litigation, the company has won, several times, but the collection of the award was quite slim. Had to delute in the course of tis timeframe, make agreements with litigstion finance firm. A few years ago another firm with almost similar history stsrted a litigation, and the decicision was that a huge venezuelan companys (which is working in the US -CITGO) parent (PSSA) is an ",alter ego" of the state of Venezuela, thus its shares can be sold under an auction process, and the claim can be payed this way. Other firms could have requested an attachment, in case of valid judgments, and succesfully complying some precondition amongst them is Russoro Mining. US authorities gave preliminary permit to the auction process, which has already been.stsrted, at the end of october. First bidding in january, and expected to be closed next summer.