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RizK

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RizK

Re: None

Tuesday, 11/19/2013 4:30:22 PM

Tuesday, November 19, 2013 4:30:22 PM

Post# of 17242
If you have more than $1000 invested in this stock, you'd be wise to read the transcript released today. It's very very long!! 95% old news, but there is clarification on old news and some new news.

Two major take aways, as of October 2013 "current" debt is 110million (this is after crede IMO)and 75m operating deficit. This is after Hanover and most likely crede IMO.

Few other points, 3 vessels currently "held for sale", and a couple vessels were basically repossessed while creditors waited for payment.

This stock could still pop, it's .33 now. But IMO the consolidation is far from over, dilution will continue.

This company has been in court the last 3 years.

You can disagree with me, or keep the blinders on. Read the report for yourself. I see nothing positive in there and there is a lot.
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