Ann: Mustang Secures $19.95m Funding From Institutional Investor, page-97

It shows that all the rubies have value because the insurers would surely have done some DD, be the valuation a reflection of average price or specific stones (most likely avge because without a proven grading system and paper work to back up the bone fides of the stones it would be near impossible to give them an accurate value). I am hoping like you the new MD gets on with job and uses some of the finance to actually punch into the market and sell some of the stones (some of which must have a value in excess of $20/ct). It is obvious that the BOD got caught big time at the auction by buyers and competitors out to screw the 'little guys', I'm not sure of your conspiracy theories, way too complex to engineer even for the most intelligently gifted. imo