It's nothing more than a wild #$%$ albiet moderately educated guess. Given the relatively stable state for Diana, I'm not sure acquiring Excel would be the best financial move. Why not just let Excel fail which is a decent probability and then grab market share and #$%$ets where it makes sense at the time. Why would you pay for such a dismal balance sheet especially with sector conditions where they are. Overhead has already been stripped to the bone so there is not much value in increased scale. Comments?
That's not a moderately educated guess.
It's a bunch of bull.
EXM is $1.2 billion of debt.
And including cash, is $900 million in assets.
That's being generous.
And then you would still have to pay management to take a hike.
This "company" isn't worth anything to anybody, especially DSX.