It drive me crazy with all these last minute pleas to save Citgo. The multiple millions spent on lawyers and legal action. All because VZ wouldn't pay for their expropriation. This could have been settled, noteholders repaid, debts covered and shareholders reaping over $1.00 15 years ago. Maybe VZ tried and they were rejected by Fung. Is it possible that he rejected a settlement because he and the board didn't have many shares and wouldn't have reaped the multi-millions Tenor was willing to give them to sell us out? Who knows for sure.
What I do know is that VZ had many chances to make this right and didn't. I feel for the VZ people who lose either way but it is time for them to have a government that is only partially crooked.
JJ