GSL, page-19

I've had similar thoughts bugler. I recall maybe a couple of AGMs ago RC never saying never to a takeover bid at the right time. It's a distinct possibility and if this does materialise hopefully it is not on insulting terms. Having said that I think this is one of the risks a retail shareholder takes when they go long on a small and unprofitable tech company. Hopefully we get where we want to go without the fatcats getting the spoils.

My feeling is that at the moment mgmt are not courting a takeover but rather desperately trying to make a new longer-term financing arrangement happen, which seems to have a few different moving parts (it was ever thus with GSL).

Time will tell if they can pull it off. Little we can do in the meantime although I agree more news should be coming through as time drags on. I do worry more with each passing week.