International Shipholding Corp. (fka ISHCQ)

[ErnieBilco]

I bought the preferred today before digging into the company. I had to make 2 buys to get my average down to a manageable .89. Having looked into the SEACOR "offer" - I think its premature but what I really find disturbing is the fact that the CEO is wanting to buy the rest of the company.......... Running a company into bankruptcy to steal assets for yourself seems unethical if not outright illegal.

I found comfort, as much as I could, in the fact that they don't seem to have even filed a plan or disclosure statement yet.

My guess is this will be set up as a stalking horse bid and create a bidding process.

Until there is a disclosure statement it is impossible to determine the fate of the preferreds. I wish there was a more recent Q to evaluate.

Any idea of the actual outstanding shares?