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To: upanddown who wrote (84948)5/20/2007 11:38:47 PM
From: Peter van Steennis  Respond to of 206189
 
John T.

I stuck with PGO aka PGS now. Went through all the problems and thankfully Jan Ulan Moe did the right thing and bought the company (stock) instead of the bonds and BK the company. As you know PGS spun off Petrojarl ASA into a separate company which was subsequently bought out. Like you said we have made a small fortune and still have half of it.

Best Regards

Peter

P.S. Thanks JimP



To: upanddown who wrote (84948)5/21/2007 10:40:52 AM
From: kollmhn  Respond to of 206189
 
I guess you were gone before the restatements and surprising writedowns.
No, one can't blame it on Boswell but, he certainly was the CFO in charge of the numbers.