Qualifier:

I am not happy with management's performance but..

The Amex decision does not surprise me. I don't know why we are appealing the appeal. Expecting a different result seems silly if the same input is going to be offered.

The bondholder(s) that filed litigation seems premature or late depending on how you look at it. Why not right away (MOC cancellation) or after the July payment? Why now? It could be that they want to make sure the cash from the "potential" equipment sale that is being "contemplated" does not leave the coffers when/if executed. Maybe they think they will be able to have that cash restricted, don't know. Or maybe it is just an a-hole that bought bonds recently @ .62 and thinks what..... I don't know. What level of investor in bonds represents this filing? $50m $500k, $10m. Why can't management tell us this?

The filing nor the listing increases the chance of bk. Management either gets the notes refinanced or not. I don't see how a ruling would come in this before the end of the year anyway so why do it? f

Bob just needs to execute the refinancing or try to proactively settle with Venezuela.