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Genco Shipping & Trading Ltd. Message Board

priviet 14 posts  |  Last Activity: Jul 15, 2016 3:42 AM Member since: Aug 8, 2006
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  • Reply to

    VNR bonds

    by cubemeister2001 Jul 12, 2016 12:57 PM
    priviet priviet Jul 15, 2016 3:42 AM Flag

    Hey Cube, ARP board is not available now? #$%$?
    What board-symbol is available now for ARP? Do you know?

    tia

    Sentiment: Hold

  • Reply to

    Off topic

    by factchecker2015 Jul 10, 2016 10:05 PM
    priviet priviet Jul 11, 2016 1:21 AM Flag

    I got new screens about 2 weeks ago. Lasted for about 1 day, then disappeared and the old known screens and formats were returned.

    I think Yahoo is trying to deploy updated layouts and using newer screen-layout technologies to make it look 'cool'. New screens seemed more 'interactive' However - The features and data available on the new layouts were more simple-minded and not nearly as useful, informative, nor immediate as the traditional layouts.

    Its as if they are enamored by new code, yet have absolutely No understanding of portfolio users needs and preferences. Usability only applies to recognizing actions available with new widgets, yet does not even consider an investor's perspectives and wants/needs.

    S.A.D.

    Sentiment: Hold

  • priviet priviet Jul 6, 2016 12:09 AM Flag

    While Skin gets a lot of Negs for just providing news updates, and supporting TICC management at this point in time, it is quite ironic, not to mention curious/questionable, that other posters keep talking about TICC management 'lining their own pockets'?

    Yes, they did mis-manage and attempted some shareholder-betrayal activities. So ... everyone know that they are not pristine. Neither is TPG in the way they are creating confusion without any sort of shareholder-beneficial proposal. Add to that a very BIG current real circumstance - TICC management is buying heavily with their own money. Not grants/warrants. While they may use their added shareholder/equity stake for benefit, they absolutely must benefit from their added invested own funds in order to make it worthwhile for them And, if that is the case, other equity holders will benefit as well.

    Why else would they put their own money in? Please explain?

    IMHO ... of course ..

    Sentiment: Hold

  • priviet priviet Jul 5, 2016 12:04 AM Flag

    Hmmm ... Well, SA & Iran certainly aren't friends. However ....
    Why do you think war will happen?

    If it is because of the current bombings in SA, these are most likely ISIS.

    Iran has been the only nation that has actively fought against ISIS in Iraq and other countries. They are absolutely Not supporters. Just the opposite.

    Seems like SA & Iran have a common enemy??

    just curious ...

    Sentiment: Hold

  • priviet priviet Jun 29, 2016 3:14 PM Flag

    Skin has been on this board for more than a year. Not a shill by far.
    Originally, he was absolutely against current management when proxy-wars started with TPG + NextPoint.

    His viewpoint changed after the first board-change attempt failed. For very rational reasons, IMO. Considering all the legal costs to fight that reduce shareholders value as well as the massive open-market share buys by current management team, Not Given, but paid out of their own pockets, it makes sense. Current management has become far more aligned with shareholders interests. At least for now.

    Has current management mis-managed in the past, and squandered shareholder values and trust? Probably. Is there still attractive value in TICC, and can they re-build? Yes, probably. Could TSG/NextPoint really do any better? Now - not so sure. Especially considering the way they have run proxy campaigns 'on the cheap'. If they really wished to serve shareholders interests, they would have made a significantly attractive offer. They have not.

    JMHO ... of course..

    Sentiment: Hold

  • Reply to

    NG! Anyone noticed?

    by jrfillion Jun 28, 2016 9:12 AM
    priviet priviet Jun 29, 2016 2:38 AM Flag

    Just curious ...
    Looking at futures prices, even close in like end of year, for the next 6 - 8 months, NG prices are fluctuating well over $3.00+. H' Jan/Feb's are $3.40+!
    Why wouldn't ARP be selling into those price-upswings as much as possible, adding to healthy hedge positions and gaining confirmed sustainable revenues?

    The other thing I am curious about: Everyone talks about the producers hedges... What about the transporters - Boats, Shippers, Airlines, truckers, etc... - futures rolling off? If they have low-priced energy contracts that start rolling off, then .... those need to be replaced. At what Energy/$P? In other words ... replacement demand??

    Thoughts?

    Sentiment: Hold

  • priviet priviet Jun 10, 2016 12:48 AM Flag

    In a deal with the IRS AMBC NOLs have restrictions if the company is acquired by another.
    and yes ... BAC settlement should be substantially larger ... when it finalizes. BAC has played hardball for over 5 - 6 years already.

    JMHO ...

    Sentiment: Hold

  • Reply to

    Talks of reaching a Settlement agreement.

    by michaelrodman722 Jun 3, 2016 3:56 PM
    priviet priviet Jun 4, 2016 12:46 AM Flag

    look up all the posts by JJ from months past, across the board. Mostly rant dribble.

    suggest using Iggy rather than engage.

    JMHO of course ...

    Sentiment: Hold

  • Reply to

    BK law

    by fredlgjr Jun 3, 2016 10:41 PM
    priviet priviet Jun 4, 2016 12:42 AM Flag

    thanks for the considerations. regardless of current specific circumstances, it is helpful to understand.

    JMHO ...

    Sentiment: Hold

  • Reply to

    EIG owned 37m units end of March

    by dogwood1855 Jun 1, 2016 11:43 PM
    priviet priviet Jun 4, 2016 12:40 AM Flag

    I believe that any class holdings that cross a certain level, 5% of outstanding probably, must be reported in filings to the SEC. These holdings, for every quarterly filing, can be found by searching the SEC.gov database. It is available to everybody. The filings should be something like 13F, 13G, etc.... There can be multiple.

    So .... DD & Homework, .... go to SEC.gov and dig up every EIG filing.

    good hunting ....

    Sentiment: Hold

  • priviet priviet Jun 1, 2016 1:26 AM Flag

    to save some time and useless posts....
    SEC-BBEP-1357371-16-348.
    Its on the BBEP website under the 'Restructuring' link as well as a link to the courts docket. easily found and PDF DL'd.

    And, yes, rather than have another poster read chapter & verse, if one is invested and has a material interest, might be worthwhile to peruse.

    JMHO ... of course...
    can't wait for the negs.... -:(

    Sentiment: Hold

  • priviet priviet May 29, 2016 1:23 AM Flag

    Look at the shares sold and the shares retained. Still some major holdings.
    In addition, Really, at $012-015/share, how much did they Really salvage by exit?
    What I am saying is that I am not sure it has much real relevance.

    JMHO .. of course..

    Sentiment: Hold

  • Reply to

    Please have patience

    by jacobcanuck May 28, 2016 3:29 PM
    priviet priviet May 29, 2016 1:18 AM Flag

    Hedges drop off in 2018?? And, energy is estimated to drift toward $65/bbl by end of 2016. Quite probably, given reduced drilling, many firms out, big players walking away from projects, more mid-east turmoil, and a host of other factors, 2017 could potentially see a return to $70 -

    Sentiment: Hold

  • Reply to

    as men age..

    by paintertoe May 23, 2016 9:16 AM
    priviet priviet May 27, 2016 2:50 AM Flag

    I am all for an enlarged AMBC!
    Could make me feel younger -:) ???

    Sentiment: Hold

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