most recent financing adjustment was debt conversion to equity at 1.09
I do not think any new deal restructuring would be for less than that.
with the share price at 1.20, downside seems limited, but until they announce
a deal for restructuring or extending the debt there is uncertainty, and
the market hates uncertainty. Why not reveal some 220 sales to shipping co's?
and address the debt situation so we can move forward.
we will get the Q filing in the next day or so, see exactly what the
debt situation is as of Dec. 31, 2012, and maybe some management comments?
there are two kinds of truth; my posts are one of them.