Post by
randomexplore on Aug 29, 2014 9:19pm
Insider reports directors keep selling
Independent directors keep selling stock or resigning. From last financial statements: In July 2014, the Company obtained a deferral of the June 2014 principal payment until December 2016, subject to the Company obtaining a $7.5 million loan facility, Trafigura agreeing to postpone the June, July and August prepayments, a signed agreement with Albpetrol for CAPEX postponement and an equity financing of $15 million to be secured by November 2014 And the bridge loan is coming due, so $25 million in new financing or the ship sinks. Zero is my forecast for the stock.