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tigerpac

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tigerpac

Re: Smilin_B post# 244

Wednesday, 05/29/2024 10:21:54 AM

Wednesday, May 29, 2024 10:21:54 AM

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I think the market’s concern is that after the $39 million payment for the Aframax in July, that will leave the company with probably less than $8 million (accounting for cash flow Apr-Jul) and it will be repeat, rinse, repeat in raising cash for the May 2025 payoff of the newly acquired ship thru another public offering.
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