All it did was crater the share price. Stock price is under 1.50 pre split. That is laughable. JF knows what he is doing
Market is rigged this company will be just fine after that is JF and his friends make all the money
They missed big time. As I indicated lows 7's today.
May even slash the divvy.
This could easily go under 7. Rates and tanker market under water last quarter. Dividend cannot be sustained. You are correct if dividends under 25 cents Investors will bail.
The ideal or logic behind the RS was to attract big money managers. That did not happen and never will.
This has been one of the worst tanker investments in the last 3 years. I still believe this will never see 15 dollars or 3 dollars pre split levels.