Replies to post #257 on Genco Shipping andTrading Limited (fka GNKOQ)

[I-Man]

I let go of my shares alreaady as this thing seems to be losing traction as nobody knows what will be said by the Judge or happen in next 2 weeks....

Though I have been through many various reorgs over past couple decades, always the shareholder was hurt, never recouping even at break-even, I have to say, with GNK's initial plan of giving shareholders warrants (like big funds/bankers are getting) was a surprise....

However, last evening's SEC release now mentions possibility of going from C11 to C7 and that bothers me to see now mentioned in any context....