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Re: lblac11 post# 112

Monday, 03/18/2019 10:53:08 AM

Monday, March 18, 2019 10:53:08 AM

Post# of 812
Yes, I did. It is unconscionable for the executives to receive anything of value at this time. You obviously didn’t read their twist on executive incentive compensation and all that garbage. IMO, handwriting on the wall and those at the top that put us here, are out to get every penny possible before the bankruptcy.

I have been tracking HOSed vessels via AIS, I see from my data, 4 more vessels parked at Fourchon. This is getting worse. 20 working boats cannot service the debt and operating cost of HOSed. Going to run through that cash sonnet than anticipated. Can’t make money at the prices HOSed is charging,

You may notice from AIS, the last time some of the stacked vessels communicated. YEARS. These assets (vessels), nothing more than scrap metal. Literally millions (for each) to get them going again and recertified.

Millions HOSed does not have and likely never will, unless it’s borrowed. Doubtful now.

Death spiral HOSed

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