Nordic American Tankers Ltd (NAT)

[conix]

CEO is one of the problems with NAT. Anyone listening to that Conference Call would know that. He is living in the past and still boasting about the total return over the years of owning NAT.

But investors are down 70% from its highs --and have had their dividends slashed for good measure.

Yet the CEO is confident that buying three news ships in the middle of a very weak market is a wise move that has necessitated the company to dilute shareholder's equity to pay the bills and keep some portion of the dividend.

If the CEO of NAT resigned, I guarantee that the stock price would go UP! Especially if they named a CEO with a vetted background in shipping

(Unless whoever writes the Press Releases writes the PR on the CEO's resignation. LOL. Those PR's look like they are written by a Norwegian who really does not know the English language well, let alone how to write a professional investor-focused press release.)

The CEO should do his family's portfolio a big favor--and resign.