Robert MacKenzie, who joined at the beginning of January 2006. Hes a restructoring specialist.
he had said
"
Mr Mackenzie conceded that, until the futures of both GNER and SeaCo are resolved, it will be impossible to restructure the group, which has just $67m free cash. He said there were a number of options, envisaging any restructuring could take "anything between six and 12 months".
he said that prior to the GE abortration .
so ,this makes me think we're 4month to 11 mnths away.
Does the new President of SCRA own any shares? So far no SEC filings show that. He shouldn't be buying shares until out of BK ,since a large premature postion could work against him ,since in the eyes of the BK judge he won't like the idea of making him rich,jmo. If he does a good job with all mentioned he should buy shares on the open market like the rest of us , like next yr when the time presents itself.
