Excel Maritime Carriers Ltd.(fka EXMCQ)

[grain]

Could they be thinking about not wasting the money and just be delisted until things turn around in shipping and get relisted later?If they suvive until the turn around . To stay listed they would have to do two things report ( cost to do that ) and get the share price over $1 ( fastest way is a reverse split) . With insider holding over 41% of the stock that would hurt them also . Two reasons to do a reverse split is to get the share price up and make room to sell more stock to raise money . But they would take value away from not just you and me but also the insiders . That is one thing I like about this risky stock .The insiders have a big stake in it also . http://finance.yahoo.com/q?s=EXM