Our Board of Directors previously set the close of business on October 18, 2013 as the record date for determining which of our shareholders are entitled to notice of and to vote at the Annual Meeting. As of the record date, there were 75,267,749 shares of our common stock that are entitled to be voted at the Annual Meeting. Each share of common stock is entitled to one vote on each matter submitted to shareholders for approval at the Annual Meeting. .....By the time you add in todays shares to Crede looking right at 80,000,000 shares.
Why? What generally happens in November that causes rates to go up? Chinese stocks of iron ore at their ports are now above the levels they generally carry and are growing fast as the hundreds of Capes they chartered in the last month show up with their cargoes. The grain season is in full swing and won't last more than another month or two. Coal shipments have settled down as well. FFA's today did stabilize for Q1, but still suggest a 50% haircut for rates.