Hi BBQ, good to hear from you after long time,

In regards to Petrolifera (PDP) ABCP.... This is another value destruction example under our favourite (Old-Dog) Chairman watch. $37 million simply evaporated from PDP/CLL financial structure.

Where PDP was sold , GTE received Petrofilea's Asset Backed Commercial Paper (ABCP) as a free bonus initially assigned at ZERO value.

Last year GTE management was able to sell this free paper for $22.7 million.

The irony is that CLL received less money for spinning their shares to GTE, then GTE by selling PDP's commercial paper received for free.

There is many more value destruction examples but I guess it is all history now.