Replies to post #231 on Genco Shipping andTrading Limited (fka GNKOQ)

[Steady_T]

quote
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...shareholders will be protected by the warrants when process starts in next few weeks.
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I have real trouble understanding how shareholders are being protected when they are going from owning 100% of the company down to 6% of the company.

If you mean they aren't being totally wiped out, yeah that's true. They are only being 94% wiped out.

Not the sort of "protection" I want.

[JCB5]

Agree... Expecting upside.....