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Re: Bonsai 1 post# 28140

Tuesday, 05/22/2018 9:43:18 PM

Tuesday, May 22, 2018 9:43:18 PM

Post# of 29021
Technically, yes. It's a shell company with no obligation to report. They had a contract to manage few ships, but I think that's over. AFAIK, they don't fall under the legal definition of "shell" but there's nothing else there. A bunch of collective interest in a business plan which is yet to be reorganized. Debt is gone, but intangible liabilities to preferred holders.