Genco Shipping andTrading Limited (fka GNKOQ)

[eddy2]

if i may add something to the pricing of the options and wht they will do with the money is first the new capital will go too paying the dip financing that will end up taking the assets that are now $.30 on the dollar based on the earnings of those assets not the actual value paid on the assets nor the new depreciation figure that has been increased that will reflect a tax saving down the road.


This all depends on if they can sell the new warrants to help pay the dip financing and if they can recover most of the original issued shares through the first rights offering the shareholders today has with the company allowing the company first rights and being shareholders own the company this gives fist rights to thee shareholders in turn.


it will be a very interesting period to if they can pull it off but should they we could see a huge up side


watch for a forward split and take advantage of the trading opportunities that will unfold in the near future as prices fall lower due to shear volume of shares leaving opportunities along with a whole lot of big ups and downs to be capitalized on for both the company and shareholders alike.