Ive had some discussions about this with management 3 or 4 months ago. Its a tangle of webs caused mostly by a few dodgy locals. Most of the info I found on it was in Portuguese so you will need to translate.
Anyway, from what I can gather looking at the last quarterly is that we relinquished our rights to that lease and booked it as a loss, best to walk away from a mess others have created. BBX are not liable and I believe the case brought forward has already been rejected by the brazilian judiciary.
BBX Price at posting:
20.0¢ Sentiment: Buy Disclosure: Held
