Genco Shipping andTrading Limited (fka GNKOQ)

[JCB5]

Hi Thinksmart

I called Genco at their Park Avenue Headquarters in NYC last week. Although not many details were offered, I expressed my dissatisfaction of the price per share. My questions were answered that they were working on debt management or refinancing available. My conclusions are this is a very large shipping company with millions of assets in ships, property, contracts etc.....I assume someone will buy them or help them recapitalize. Unfortunately our global economy controls what is exported and imported. Hopefully after 2/19 we will know more.