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Frontline Ltd. Message Board

  • rpbossman rpbossman Feb 26, 2013 10:38 AM Flag

    The problem with the BK scenerio

    Mr. Fredrickson. We don't need a bank. He's his own bank. It may mean further dilution in 2015 but by then rates will be up significantly as reported. The family is gobbling up FRO at incredible Stock price you should too.

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    • The only reason FRO is not in worse shape today is because of Mr. F. So the question has to be asked will Mr. F sit by and watch FRO go down the tiolet while doing NOTHING? I doubt that so what can he do?
      He has many plays to make on FRO. Instead of BK he may choose to "Eat it up within the family"
      Let SFL or FRO2012 buy the ships that FRO must get rid of to stay afloat. These ships would be the ones that Mr. F wants in his stable and after doing that (hand picking the ones he wants) he would be left with a smaller FRO that could then sink below the water or one that's value is mostly in FRO2012 stock which he could then buy up what is left of the whole company for the value of the stock.

      Mr. F will do something other than just watch and do nothing or let someone else buy up FRO. The FRO2012 stock FRO owns forces the play to be one into Mr. F hand.

      Once we get past Friday fall down of the market as the politicans again prove they can't do anything and if FRO is below where it is today count me in for a gamble on the stock. Sorry but Mr. F is just too hard an ego and success to play against. The man has the money to write the check for the convertables out of petty cash.
      The rates are the real issue and the glut. Letting FRO go BK will do nothing for either.

      • 1 Reply to rogere1946
      • ""Eat it up within the family""
        JF's family maybe. lol
        " The man has the money to write the check for the convertables out of petty cash."
        That could be just the rabbit JF will pull out of his hat. Plus, he can probably buy them today for under 50 cents on the dollar. And, once it is demonstrated that there is no crunch, the bonds, and maybe even the stock, will bounce a bit.

        But, the stock still doesn't have any real underlying value with both the debt and the bonds intact.

        If JF is looking to improve his position, I think it more likely he focus on the bonds instead of the stock.

        We shall see.

        Best of luck,


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