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We as a group are not asking anyone to believe us but to do your own DD and this could be a good place to start.
The advantage of buying a none performing asset from the likes of the Sears group is first you have access to revenue granted not profits but something just as important and that is a share holder base that are in the millions and millions of shares that are sitting there just waiting to be taped into.
This comes as a cost in what we call goodwill. You may want to look that up on the internet better yet go to your local collage or university library.
Anyhow the assets were spun out at a price were share holders names were sold at a price and shelved, rollerdexed or what ever that old technology was they used to use for storing data we like to use a process called Amax for that task short for Automated Memory Axe's files but Sears is a little behind the times but catcing up. HE HE HE
Are there billions and billions of shares sure and is every share holder today not as important as tomorrow,of course they are but it takes time and were not going to lie to you and that time we don't know really how long it will be but to say for some a long time it all depends how one looks at time. Is there risk sure there is and lots of it there are factors that are not in business managers hands that are so dependent on so many things.
I will say everyone is treated equal as to time invested that can managed in a few different ways as to when you bought in that is not important as to when you exit your position and you all will maybe not by choice as you would picking music to listen to but by the actions of others in control.
Yes it is, as of 12:28:42:
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~Click on the above picture to view Home Page~
Excel Maritime Carriers Ltd
ATHENS, GREECE --Excel is an owner and operator of dry bulk carriers and a provider of
worldwide seaborne transportation services for dry bulk cargoes, such as iron ore, coal and
grains, as well as bauxite, fertilizers and steel products.
On Apr 16, 2008, Excel Maritime Carriers completed its acquisition of Quintana Maritime. As a
result of the merger, Quintana will operate as a wholly owned subsidiary of Excel under the name
Bird Acquisition. Under the terms of the merger agreement, each issued and outstanding share
of Quintana common stock was converted into the right to receive $13 in cash, and 0.397
Excel class A common shares.
After the acquisition of Quintana, Excel owns a fleet of 40 vessels and, together with 7 Panamax
vessels under bareboat charters, operates 47 vessels (4 Capesize, 21 Panamax, 14 Karsarmax,
2 Supramax and 6 Handymax vessels) with a total carrying capacity of approximately 3.7 million
DWT and an average age of approximately eight years..
Excel Class A common shares have been listed since September 15, 2005 on the New York
Stock Exchange (NYSE) under the symbol EXM and, prior to that date, were listed on the
American Stock Exchange (AMEX) since 1998.
17th Km National Road
Athens Lamia & Finikos Street
Nea Kifisia
Athens 145 64
http://www.excelmaritime.com/
