Genco Shipping andTrading Limited (fka GNKOQ)

[eddy2]

What many don't understand is how a bond works. The bonds collateral is kept of the balance sheet as well as the debt. The assets are leased back to the company at a cost this lease can be wet or a dry lease in this case it is a wet lease were all services are charged back that represents a loss to the company in this case as due noted in the financials.


Just got back from New York had great weather there took in the financial course given at the New York library as well as visit the financial museum on wall street that I highly recommend if you should visit New York. The New York stock exchange is still under repair so I didn't get to visit inside it but took time to see the play Pippin north of 42 ST and Seventh Avenue around 45 ST. very well worth seeing.