% | $
Quotes you view appear here for quick access.

Ultrapetrol (Bahamas) Ltd. Message Board

  • laura_axeen laura_axeen Nov 15, 2012 5:14 PM Flag

    Dont' be an idiot....someone just invested $220 mil in this company at a stock price of 2 dollars a share..

    The only way this $220 million dollar investment will pay off for CB is if the stock goes above 2 dollars. Also, keep in mind, clearly keep this in mind, CB picked ULTR to invest and put to work $220 million dollars and their only payback will be if this stock goes above 2 dollars. Seriously, of all the other companies this company picked ULTR to invest $220 million dollars. Plus now holding management (Menendez) hostage that if the stock does not meet certain requirements, they will not be allowed to buy back control. Management (Menendez) just gave away controlling interest. However they can repurchase ownership ...via the 14 percent interest they have set aside in basically a separate account if CB's investment (stock price) reaches certain goals set. To be sure, the goals set will be based on stock price!

    I am buying more now just knowing the above facts.....

    Sentiment: Strong Buy

0.06-0.01(-8.68%)Feb 8 4:00 PMEST