Genco Shipping andTrading Limited (fka GNKOQ)

[eddy2]

I'm surprised to see it holding they must be purchasing back shares then planning a forward split to sell them at a profit to the strike price against the loses they took in there short sale but tax gain in the end.


This will go into the sub zero range with all the shares outstanding in a years time then the big reversal it is so so classic when there building capital to pay for a lease purchase that is a none revenue purchase for the most part.


It will have a crazy Capex and a bad ROI but lots of ups and downs in the next year for sure but no mind blowing moves over a 100% but hey that isn't so bad to get in on in tough times like this.