DHT Holdings Inc (DHT)

[Kramer_Scarcelli]

True, an R/S would need shareholder approval, but the share structure is set up, especially after the offering, for very large institutional holders. Taking out insider votes, and non-voted / for-managements choices auto-voted shares, all it would take would be a few institutional holders voting yes.....

32% is tied up (give or take) with that new Anchorage firm, the back-stoppers. If they had that much faith in management up to this point, which they clearly do, all it would take would be a nice boardroom meeting and a steak dinner to get their go ahead vote-wise for an R/S..... spooky.

Not yelling "fire" just yet but its kinda odd....seems an NYSE listed company with half a year to fix this issue wouldn't talk about the "in case of de-listing break open reverse split glass" cabinet, especially after just making an equity offer, with preferred, that will make the O/S considerably higher if and when they vote for the new A/S.

Why would they offer shares just to R/S them back? Lets hope not!!