In Ovations Holdings Inc. (INOH)

[Raider21]

In the world of commercial ships, there is full-active (going to sea) insurance and there is port risk insurance. No maritime insurance company is going to insure or continue to insure an American flag vessel that is not in compliance with mandatory U.S. Coast Guard and ABS (American bureau of Ships) licensing requirements which are all defunct. Especially when the ship hasn't even been dry-docked and surveyed in five years. Frankly, this ship and its owner/s are in serious trouble and it just hasn't hit yet being tucked away in a foreign port. Thats another issue in so much that the ship arrived in the Dominican Republic under contract that strictly required it to be insured. The contract (Hispaniola Ventures) has long since expired and so has the insurance. So that's my opinion. Quite provable.