Replies to post #1322 on Paragon Shipping Inc (PRGNF)

[L_Rab]

LOL. the company is in default on their interest payments; they delayed the shipment of the 3 vessels because they HAVE NO MONEY TO PAY FOR THEM.

Did you read the rest of the PR?

In relation to the issued and outstanding senior unsecured notes due 2021 that bear interest at a rate of 8.375% per year ("Unsecured Notes"), the Company will not proceed with the interest payment, which is due on May 15, 2016, due to lack of liquidity.

Also take a look at the SA article: http://seekingalpha.com/article/3973422-paragon-shipping-share-price-spiked-will-fall