I think your analysis is probable correct but for the near term the announcement of the gas spinoff being canceled may affect the PPS in a little pull back. Will wait for a lower PPS. I may be wrong but so far I have been lucky in trading lower and selling higher. Still don't trust the Malaka. He is the master manipulator. Those reverse splits hurt a lot of investors. Otherwise, this POS should be trading at a much higher PPS. Maybe someday...I do like the purchase of the two new ships and the selling of the two older ones. I hope the Malaka has a real plan in place.
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