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Ultrapetrol (Bahamas) Ltd. Message Board

  • wjc900 wjc900 Jul 17, 2014 5:41 AM Flag

    Regarding Ocean Business Purchase Option

    Note; this is only a wild guess here. Way back almost a year ago there was a brief mentioned in a conference call that ULTR was looking into building Ocean feeder boats to capture and expand a well needed business in South America. This seemed like a natural move due to the expertise they have developed in building barges.
    I have e-mailed ULTR several times in the past to ask for more information on this, with never a response. Could it be possible that this whole situation in selling the ocean business is centered around ULTR (SC) putting up the money to build a facility and manufacture these new Ocean feeder boats and sell them to the new buyers of the Ocean Business company. Makes a lot of sense why this whole transaction is being done and why SC was able to buy the Menendez-Ross stock for only $4.00, which is because the buy out of the Ocean Business is a guarantied part of the transaction, with the new company having a manufacturing partner to supply the build out.

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