Chouest is doing well. Not fantastically great, but fine, paying their employee and their bills. Shane isn’t saying...But the attitude of “build it and they will come” DOESNT apply to the OSV market, as many others and myself tried in vain to explain to Todd, even looking him in the face in front of others and telling him he was going to bankrupt the company, but his ego wouldn’t let common sense or market realities get in the way.
Who in the world stacks (paid for) boats, and then goes wild building high spec boats for business that isn’t there ?
HOSed is the only OSV field that I presently hold bonds. Gary and Lainey paid me off years ago, like good Honorable men do.
You have to feel really bad for the long time employees that bought stock in this POS
It’s not a joke, they aren’t laughing, and I promise you none of them think this is funny.
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