>>>>I think the issue in error is one of $'s and %'s versus share price... while ignoring that there was a reverse. He quoted an average preferred share price of just under $0.70 ? But, look at a chart... and you don't see any evidence at all of any shares that were ever priced at anything near $0.70 ? I think his numbers aren't adjusted either for the reverse or the subsequent impact of announced changes in the divvie. <<<<<
The info I posted is based on the ORIGINAL prefered shares which equal 200 pre split and 17 post split shares. A while back i went thru the math as to what that would be compared to if you converted the shares.
I think if there is greater demand for tankers that the oil price will be thru the roof. Either that or a lot of tankers will have to be taken out of service with out replacements being built.
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