not much good holding a drill if you cant use it and by auctioning it and or ancillaries they can show tangible evidence of the loss in value of the rig/ancillaries by selling on market therefore if they won the court case the defendent would have difficulty to dispute lost asset value. (I am no lawyer but just how I see it and have been in many situations like this unfortunately noramlly arguing over assets held in trust after a sale though) Lawyer opinion would be appreciated
CKK Price at posting:
1.6¢ Sentiment: None Disclosure: Held