Paragon Shipping Inc (PRGNF)

[SittingPretty]

LoL they may have a dingy ;) this is the short view of the 'imo' type. PRGNF & TEUFF have the same CEO. The shipping sector had may years as a highly profitable business and financial institutions grabbed on those years of gainful bliss. Since those years began to dwindle around 2005ish, many debts began to incur.... Bringing down those glory years and halted the gains to blames yadda yadda. Now, since president trump has come on board it seems as though - well, it's quite factual - the market is climbing highest in history and we all know this time of year is 'shipping season' in a sense of one aspect as well as many other factors.

Blah blah, I know it's a lot of reading YET, over this past highs and lows, the CEO of these two companies mentioned has moved 11 ships (tangible assets) over to the private company he has as a 'smart business' move for clearing away those indebted years since the 2005ish era and such. So, they utilize these companies as 'contractors' or whatever legal mumbojumbo to keep the nice setup compliant. Both have finalized most debt and both have covered r/s subject (I may have small details off a bit but you can fill in the blanks if necessary) so it is my observation that the years of neglect to the shipping sector is now being recognized.

These companies were on the Nasdaq not long ago - well TEUFF was to 2016ish - anyhow, the CEO has a quite extensively collective background and knows what he's doing - IMO ... Of course, there is also the 'rumors' of Ihub players that make many claims. All in all, glty with the fleets, canoes, and those dingies oh and the tugs lol because those fleets are being looked at one by one or group by group as the market and society at large has the history of vested interest :)