Replies to post #404 on Nordic American Tankers Ltd (NAT)

[benfrankledger]

Nordic American Tankers (NAT -26.4%) falls sharply after the company prices the equity offering as part of its recapitalization program.

[conix]

CEO Hansson is shameless:

One can be uncertain about the direction of the market, but as both a major shareholder and the Chairman & CEO of NAT, I am not uncertain about the ability of NAT to give excellent returns once the tanker markets turn for the better. In fact, the earnings potential of this company is in my opinion often underestimated.

In fact, the mismanagement of this company is, in my opinion, often reflected in the negative investment returns suffered by its shareholders.

CEO Hansson--at what point will you acknowledge errors by management?