Puda Coal Inc PUDA

The "never ending story" has pretty much concluded

[coldheat]

The only things left are the summary judgment request from Tang and Wizell, which will not be acted on until sometime in September. The SEC case is over with judgments filed and there is some sort of inquiry requested by plaintiffs who are ticked off that they are not likely to cover the lawyers expenses and want to get everything they can from the only money available..the SEC Macquarie settlement. None of this is likely to have any effect on shareholder recovery so I'm pretty much done here.. I expect at some point to get a mailing from the fair fund (SEC) whenever they get done fighting over the scraps. It is at that point, you will know what recovery there is.. Should a "Surprise" occur, I will post it, but it appears to me that the clock has just about stopped. Have a great day and good luck trading..

[talcino]

Mad, As quoted in your last message, "this Court shall retain jurisdiction of this matter for the purposes of enforcing the terms of this Final Judgment. (As further set forth in this Order.)", did you get what is "further set in this order"? In other words, HOW will the terms be enforced? Anothe thing I'm wondering about is: two (three?) years ago when the news "SEC

[coldheat]

That "retain jurisdiction" language is standard fare in any civil court proceedings like a bankruptcy or suit. It basically means that the court will be there in case of a dispute arising from the case. As to Zhao and Zhu... Zhu has not been seen or located since he left Puda. He did stay at a Puda apartment for some days after but later just melted away... Zhao has been off the grid for

[coldheat]

Talcino........It would be a mistake for you to hold out any hope that US courts can enforce this judgment because they can't. Zhao owns no securities or real property that they could seize in any US territory or jurisdiction. They are only issuing this to close the case. Were Zhao to fall into a pile of cash at some future date, he could re-open negotiations, but that is so rare that it's