Petrobaken bought 7 million shares of Arcan @.89 a couple months ago. I started adding again @.60 and below in stages. I think this is a cautious buy. I think Petrobaken owns enough shares to keep Arcan a float and will throw some cash Arcan's way if needed. SCS Second Wave got into financial difficulty similar to Arcan but their financier and largest shareholder (BAM) Brookfield Asset Management has let its pps fall to around .30. While talking of taking Second Wave private @.30 That's why I rate this a cautious buy!