Well after losing $50k in this stock, I still follow it because I bought my son some stock and am hoping for some recover some day. Small potatoes to my $50k loss. I learned some good lessons thou.
Since VZ knows they can't sell Citgo before getting the sale blocked to pay Exxon and GRZ claim, they are now trying to raise $2.5 billion against the Citgo assets to keep things running down there. They will fail to repay this debt....mark my words. Basically they now think they might possibly extract $2.5 billion out of an asset worth 10 to 15 billion. Desperate people do desperate things. The people of VZ need to wake up and effect change. We will never see a penny here. Too many crooks involved here. Lesson learned!!!