Genco Shipping andTrading Limited (fka GNKOQ)

[eddy2]

They were cheap, what do you expect. Nothing a little paint and a billion man hours can't fix. It is paying for the expensive hired guns that put this all together for the shareholders that is hard to recover capital from and there not going to fire them selves or family members from the gravy boat while work is being performed.


Double dipping into two cookie jars that is full of shareholders cookies but hey good hired help is hard to come by. To many chiefs and not enough workers to watch over is another problem and the process and administration cost gets drawn out.



The courts looking into the mater of the chapter 11 could request new people to look at what is taking place so I would watch for new people to come in and then wait to see what they have to say about what is taking place there with share holders capital that was spent.