It's a shell play at this point. 26 million shares. Only because the insolvency was 2 weeks ago, it will take time to materialize, depending.. because if the creditors like Lloyd's decide to reorg and stay in the freight business, you can wager they will toss us warrants at the very least.
And it's very possible this same equity can once again be in the dollars. What it will be then is unknown now.
The creditors also own this shell. They will use it.
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