Overseas Shipholding Group Inc. (fka OGISZ)

[iheartweimers]

No, I didn't know that, but it is the 2d or 3d largest in the
world, so it doesn't surprise me. I have read many articles
as of course all one has to do is Google OSG BK and they
are everywhere mentioned. So far I am getting the impression
they know with the election over and the President instructing
the IRS to turn over every leaf to get every cent out of big
corporations, these guys see tax problems. They also said:

The company, which employs 3,600, said in a court filing it determined it needed a fundamental overhaul of its finances and operations to recapitalize the business.

Full article here:http://www.baltimoresun.com/business/sns-rt-us-overseasship-bankruptcybre8ad1st-20121114,0,2984793.story

Since this will be in the Delaware Court, we have a spy that
attends all of the BK hearings there and reports on Twitter
from the courtroom. I have already sent her a email to
alert her to this one.

I have a lot of money in another shipping company, and only
bought a small start in this one last week. For which I am
now sorry, of course. But when they get a new ticker I may
buy a lot of this, as there is money to be made here. The
company says they have lots of money. I bet they do, and
it is all overseas and if they bring it back it will be taxed.
Mostly they want to get out of unprofitable leases. Mark it