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Re: munhoi post# 23477

Friday, 01/20/2017 12:16:47 PM

Friday, January 20, 2017 12:16:47 PM

Post# of 29021
If it's true, as you suggest, that they had mostly idle ships and incurred additional costs with large cash outflows, then they are most certainly not "debt free".

Beyond that, keep in mind, that simply selling the ships doesn't extinguish ongoing obligations to employed crew.

It's pretty obvious that they are hanging on by a thread.

TA - Over $500 million in toxic funded pump and dumps exposed and growing every day!