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Re: reader3 post# 5321

Wednesday, 12/13/2017 1:28:25 PM

Wednesday, December 13, 2017 1:28:25 PM

Post# of 15838
In June, we announced updated company guidance for our first acquisition of (5) bitumen shipping vessels with an estimated run rate of over $39,000,000 in annual revenue and $6,000,000 in EBITDA. We are already entering the shipping markets at historic lows and have developed a plan that allows us to purchase these ships for pennies on the dollar. This opens the door for an aggressive growth strategy to expand from the initial 5 bitumen tankers to up to 30 tanker ships in the next 12-18 months.