Two Points: First: The only reason why DHT is selling for under a dollar is because the BOD issued new shares & then in less than a week announced the proposal for a R/S. I don't believe that those new shares being issued at $0.70 plays into the current price problem. If you all remember, after the equity offering was announced but before the shares were issued DHT stock rose to $1.40. It then dropped to $0.90 once the new shares were issued. Then dropped like a rock to the current levels once the BOD hinted at a R/S & cut the dividend to $0.02 from $0.05. The true culprit for the current share price is the fear & uncertainty caused by the R/S.
Second: Regarding the R/S we won the battle but we still need to win the war. If you have not yet voted your shares then please do and vote against the R/S. At this stage every share counts. The only reason for the BOD to postpone a final vote on the R/S is if they lack the votes to pass it. DON'T LET THEM WIN.
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