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Genco Shipping & Trading Ltd. Message Board

  • audiophul audiophul Dec 21, 2012 3:56 PM Flag

    Cash evaporating?

    Wow. They had $251 million. For Q3 they reported $97 million. They will likely burn through ten more in Q4. How long can they hold out before needing to sell ships or sell more shares? Doesn't look like 2013 is going to be kind to Genco or it's shareholders.

 
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