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zoomlik

08/12/17 4:25 AM

#48460 RE: Millstone #48403

What is projected Earnings for 2018?

makedrysgreatagain

08/12/17 8:00 PM

#48585 RE: Millstone #48403

Thanks for posting that and I think you are in the ballpark but a few points.

1. It appears that Kalani did not sell many shares into market last week. No 6K was filed and it appears that the negotiation might have been to end Kalani in exchange for the current deal.

2. Heidmar doesnt own any ships it just operates them. So it is unclear how to count the stake in terms of book value. How much will be goodwill and how much will be booked as hard assets? Perhaps GE understated the total value.

So the first item may actually help our book value and the second one is unclear.

The terms of the rights agreement have not been finalized so there is some possibility there for more.