Replies to post #2594 on Sea Containers Ltd (fka SCRA)

[sidedraft]

Here is some wishful thinking by a lay person:

Maybe this step is necessary so that an accurate number of shareholders can be known by the T/A and the team doing the legal work, to pay a distribution.

Or to start the covering of any short positions that may be out there.

[HokieHead]

Not sure but maybe you are right.

I am going back into old SOSA (Stolt Offshore) filings to see if I can find anything similar in their filings with SCRA current ones.

Alix Partners (Laura Barlow, etc.) did one heck of a turnaround there and should be able to do the same here imo. If BK emergence is to come in Q3 or Q4 of this year we should start seeing some price action here, like the volume this week.

I still think the common will survive, even if they have to dilute 5x to 138 million shares outstanding this would trade in the multiple $$ range easy imo. If they do not dilute at all, watchout!