Either management are the best liars in the world or everyone will be REALLY happy in a couple of years. He's saying they're fully funded for newbuilds. Once all those ships are on the water EGLE will be a cash cow. All that $$ going for CAPEX will start flowing to shareholders. In 2 years the average fleet age will be under 5 years!! 47 ships averaging about $10K/day x 360 days/yr ~ $3/share of free cash flow!