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  • white_sox_curse white_sox_curse Jul 6, 2011 5:09 PM Flag

    Steady as she goes........

    Hard to tell if there are corporate developments. However, the BDI still remains low and it seems that there is no way for the company to make any principal payments on the outstanding loans. I still can't figure out why they don't sell 10 to 20 vessels so that they can off enough principal to give them more time. A reserve split would be stupid (look at TOPS and FREE) and a secondary would put them well under $1 again with a delisting threat.

    I think that someone is buying shares as a speculative position.

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