Omega Navigation Enterprises, Inc.(fka ONAVQ)

[money8547]

Good Moring Board, I agree at these levels it looks attactive, as I stated in a earlier post I'm in at much higher levevels. I still like the stock, but the debt ratio and the Greek nat. debt concern me. They have made a few purchases of ship a year ago or so. Which to me made so sense, maybe they were dollar cost avg. but stock has done nothing but go down from there. They are on the verge of going bankrupt and it's a real gamble if they are going to come out of this. I'm in for the long haul hopefully they do survive. GO ONAV!!!!

Bloomberg Law's Lee Pacchia and Bloomberg News bankruptcy columnist Bill Rochelle revisit the Chapter 11 filing by Greek ship owner Omega Navigation Enterprises Inc. and ask whether it may become a test case on the question of when foreign-based companies can reorganize in the U.S..