Re NorthOntKid"

"We will continue to support Venezuelans’ aspirations for a more democratic, stable, and prosperous Venezuela."  Treasury Department 2024/04/17.

In that quote, what is bothersome to me is that Biden's Treasury Dept seems to support Venezuelian citizens more than Americans. Venezuela holding on to Citgo is fundamental to this achievement. It's a cash cow of American dollars for many years to come.

It seems the policy of appeasement toward international countries continue to prevail in the government"s agenda. So our success is dependent very much on the Treasury Department's pen and what the US government wants for Venezuela.

I always look at RML price and volume and think the hedge fund traders know a lot about what is going on and react according to information they get behind the scenes. Volumes are often close to half a million shares daily.  From the latest Treasury decree, which markets react immediately to, the price of RML is unchanged so the latest news did not degrade it. So it appears hedge fund managers still are expecting to profit by waiting out. We'll see. I am using approximate numbers following: there are about 600M shares of RML out there. The damage claimed is about $1.4B (interest not included). So maximum price per share value expected is about $2.00 and the price today hovers around $1.15, as it has been for a while.

In conclusion, KRY will get all their money if the auction takes place, but the Treasury's pen holds the cards. With Russia and Iran preoccupied with their war, no help from them. Maybe China. 

The courts will continue to fulfill its agenda timeline to the end, I'm sure, which is about August 2024, I think.