Previously Crown Corp, CCO. Institutional interest now and the Co has changed it's name for a fresh beginning. Still very speculative, but what isn't? but just a case of investing the huge amount of Cash sitting in a Brazilian bank a/c. There's no real difference here to an emerging markets investment fund apart from the obvious and very attractive discount to NAV of approx 75% !!!!!

mpw777

The fat that Pearson is a complete idiot is the only certainty in this shambles. The lawyers, Nabarro Wells, are in for a legal pasting and they might as well hold their hands up now and pay up.

for those who are in agony over their financial loss i see LANGBAR HAVE ANNOUNCED TO-DAY SEVERAL DIRECTOR/EXECUTIVE CHANGES. THE BIG DEAL IS THAT PEARSON REMAINS
David Buchler will now be executive chairman
the joint drilling venture with GLOBAL will not now proceed

PEARSON REMAINS............................ to carry the can no doubt!

mpw777,

In the circumstances, I think his remaining is positive, as only he KNOWS what transpired, and if he goes, all that will be left is speculation.

he may be naive, but not a criminal , yet anyway!

Wouldn't bet on it.