Replies to post #127 on Danaos Corp (DAC)

[grantastic]

Lenders converted debt -> equity at approx. 3.5x market price.

That surely indicates how distressed banks believed this company was... because they would not accept a $400 million haircut unless they expected much worse to happen if DAC didn't get some debt relief.

[oil export]

only half and I bought it back at 1.6
I am waiting for the quarterly report, believing that the share will return above $ 2