Credit markets are a better indicator than the stock market.
Stock market is filled with noise traders and event traders.
This literally means there is zero stress with drys.
But stock is basically stuck at 52 week lows.
So bonds have rallied 25% but no stock rally?
This is strage
They are taking all the bad news this quarter.
So there is no depreciation\amortization going forward.
The market has zero confidence on the management.
To keep the management bozos in check.
Look at how fast things are moving now after June 15th they are current on all filings.
Even until May 20th press release they are still still to the May 31st deadline.
Also CEO's contract ends on May 29th so I dont think he will be extended.
You make no sense.
Peaks is done and the debt is on the books.
Fraud charge had nothing to do with the financials it had to do with the start of the program.
I would not be susprised if they release the 10k today.
If the earnings $1 per shares the we are at PE =2 when SPY at PE 16.
It is expected that the Form 10-K with audited financials will be filed in a matter of weeks, though no assurance can be given that the current estimated timetable will be met.