Yep. Truly moronic. And lying.
That there is any HOPE for this POS company? They are liars and fools and they don't give a hoot about shareholders. They have diluted them a RECORD amount. Can you name any company that has reverse split more than NEWL?
Said it was confusion about a filing.
Getting back to op ex rather quickly, almost there at $5122. Was last at this level June 12.
If some idiot tries to tell you that they will scrap 15 year old panamaxes, ask the moron why they aren't even scrapping 25, 24, 23, 22, 21, 20, 19, 18, 17 or 16 year olds yet.
in India. None in China, none in Pakistan, none in Bangladesh.
"BTW: When buying, selling ships and rigs.. They charge like 30% commissions.. When leasing them they take about 5% of all revenues generated."
That's a lie. Show where they say that.
Wow. You are a moron. All this time and you still don't understand most of what you read. Why are you so unable to LEARN simple concepts?
"For last few mths, Rates for Capes have been bouncing between $10K to $15K per day.. "
NOT ON TIME CHARTERS, you monkey.
He's an idiot and unable to learn from those smarter than him.
DRYS will not reset ANY capes at a penny less than the current charters for those vessels. They will likely reset them at DOUBLE the current rates.
Better than DRYS average on the five they could reset this year.
There is no "skuz" for your stupidity. The annual reports ARE audited, you monkey.
The spike in spot rates will be astounding. The factors holding back shipments are about done. Chinese miners unloading inventory. Using ore as collateral is about over. Mills about ready to re-stock with cheap imported ore. Spot rates hitting $80k a day could easily lead to $40k one and two year contracts.
As bulker rates rebound and ORIG hits on all cylinders, this current price will seem very cheap.