Genco Shipping andTrading Limited (fka GNKOQ)

[eddy2]

It is noted in the sec rules but can be found in other places as well but hey there is no for sure,for sure your going to get your money back sometimes you only end up with a fraction of the dollar you spend take Kodak recipients of yesterday and who knows about tomorrow. Now those individuals could reinvest having first rights and all but if they are at 65 and who knows what another five years may bring so as you can see it is a crap shoot for sure.



Best to stay aloof and trade her but thank god for the pensioners who keep these stocks alive for us traders along with the institutions who manage there money for them.


The sad thing is the majority of them just get caught in the cycle. They reinvest wait five years and there again below there investment input unless things really turns around for the company they invested in and of course there are many factors one major one is fractional shares buying stock when there are billions being traded and buying to many at the low.

Buy a few thousand for a hundred bucks and so what the cost is more then what you have invested on that 100 dollars in what ever year you retire can be worth a 1000 times that but buy millions of millions of shares and you will be diluted to were that same capital you invested could be worth maybe a 100% in that same time period and if that is twenty years for someone 45 years old well inflation has taken all your 100% up side never mine the tax's that has to be paid on those small gains going back some 20 years.