Some recovery, over half the fleet is stacked “the Company’s active fleet for 2019 is expected to be comprised of an average of 29.9 new generation OSVs and 5.9 MPSVs. With an assumed average of 36.0 new generation OSVs projected to be stacked during fiscal 2020, the Company’s active fleet for fiscal 2020 is expected to be comprised of an average of 30.0 new generation OSVs and 9.0 MPSVs. ”
Hornbeck HOSing the shareholders
Todd still living large at the farm
Paycuts except for stock bonuses to the insiders
Paying for the last 2 newbuild boats, they are out of cash by September
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