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Vantage Drilling Company Message Board

  • beauzeau23 beauzeau23 Jul 11, 2013 2:50 PM Flag

    Endless dilution.

    Another day, another 35 million shares added to the float. Another convertible note offering. What else is new with Vantage?
    Any shareholders wondering what the problem is with this company it is the endless dilution of shareholders stake. I've lost count of the number of secondary offerings. This company is run for the benefit of an entrenched management. It has never and will never be run for the benefit of the shareholders.

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    • This is the nature of the business.....why are you surprised?

      Capital intensive.....that's the beast here in UDW.

      It takes money to secure the rigs, to the tune of $600M per.

      The lucrative aspect is that the assets pay for themselves in about 4-5 yrs at today's day rates.

      That is why one invests in this sector....the ROI is currently huge!

0.0529-0.0031(-5.54%)Sep 11 4:00 PMEDT