i believe the $57 million invested in abcp is locked up, and of no use for funding priquitas or exploration, but it may not be entirely lost. the company had written off $4 million, and has taken an additional charge of $8, for a total of $12 million (so far.)

the "pan canadian committee" which is a group on investors like sso is now trying to work out a method of restructuring those assets. the company balance sheet still carries $45 million as a long-term asset, as that is their best guess as to its remaining value based on their models. as economic conditions change, those models could change, so it still isn't clear if sso will eventually get pennies on the dollar, but according to yesterday's report, a decision is expected some time in april.