Member Info for Renegade

Https://twitter.com/SebastianMaril/status/1773438139564019932

A decision by the Second Court of Appeals in the YPF expropriation case, will most likely not occur until late 1H25, according to a briefing schedule filed today by Argentina, YPF and judgment creditors. Timetable schedule includes:

Republic's principal brief (already filed) - February 22, 2024.

Plaintiffs' principal-and-response brief (already filed) - March 25, 2024.

Republic's response-and-reply brief, YPF's principal-and-response brief (principal in the conditional cross-cross-appeal and response in the cross-appeal) - June 24, 2024.

Plaintiffs' response-and-reply brief (response in the conditional cross-cross-appeal and reply in the cross-appeal) - July 24, 2024.

YPF's reply - August 23, 2024.

Deferred joint appendix - August 23, 2024.

Final briefs - September 6, 2024

FFC,

You should have placed that bet. You'd be a winner right now. Bwtfdik - Lol.

They are also very much in the know for the upcoming 1Q2024 results which may well hit the streets around the second week of May - ish!

New tax year fast approaching. Lots of shenanigans could soon be in the mix too.

FFC,

LSE closed on Good Friday and Easter Monday.

NYSE closed on Good Friday only.

Traders may well want to log out during these periods!

As a follow on from my post yesterday, Seb Maril has recently posted, "interest accumulated since the ruling for the YPF expropriation trial - USD 448,867,699".

This all bodes well for a negotiated settlement.

Twt,

Please correct me if I'm wrong but, didn't I read somewhere that until the case is settled in full, the accrued interest from now on is something like $2.5M a day?

Could it be that they have committed/reinvested any profit and new funding into new cases? Similarly, any old/ongoing cases have not yet been resolved yet.

From what I can see, the BoD have not bought/sold any significant shares of late.

MarketWatch has just reported that on the 15th Feb 24, the USA Short Interest reduced from 1.4M to 1.34M.

Seb Maril has been quite active on X recently posting Argentina's Second Circuit Court Appeal in the United States:

twitter.com/SebastianMaril

The NYSE is closed on Monday (Washington's Birthday) so today's SP movements on the LSE could be interesting.

MarketWatch is reporting that the USA Short Interest has reduced to 1.4M on 31/01/24.

Argentina has already incurred USD 359,587,898 in post-judgment interest in the trial for the expropriation of YPF. By the time the NY Court of Appeals has published the ruling, we will have added close to USD 872,625,000 in interest.

https://twitter.com/SebastianMaril/status/1755682615091167626

NYSE closed on Monday, January 15th, 2024 - Martin Luther King, Jr. Day.

Re "Problem is, many funds/companies have tried seizing Argie assets prior and it’s an extremely difficult task".

It's also a costly process too which may have to/will most probably be funded by Burford???

Interesting link from Seb Maril:

https://www.imf.org/en/News/Articles/2024/01/10/pr2405-argentina-pr2405-imf-staff-authorities-reach-sla-seventh-review-under-eff-arrangement

Https://twitter.com/SebastianMaril

Https://www.pacermonitor.com/public/case/7977221/Petersen_Energia_Inversora,_SAU_et_al_v_Argentine_Republic_et_al

We now await Preska.

Plaintiffs in the YPF trial write to Judge Preska again to ask her to confirm that as of 10/1 they are authorized to try to seize assets from Argentina. But they grudgingly admit that, as my 12/22 thread explains (Sebastian Soler), it will be very difficult for them to seize anything.

https://twitter.com/TommyBarbanBA/status/1742291842094244140

The gap may not fill immediately but it does exist and will still sit there.

Time will tell.

£20 by April?

Anything is possible. More worrying to me right now is the gap (1023p ish) that was formed yesterday and is more than likely to get filled at some point in the future.

Be careful!!!