First quarter data, page-14

I'm talking about the March Quarterly accounts. If the Crimson Grace sails on the 30th as scheduled, the revenue for the 18,300 ton will not hit the till until April which will put extreme pressure on IMA being cashflow positive for the March quarter as promised:

30K ton x $591 = $17.73 mil which falls short of the $20.98 mil outgoings as forecast in the Dec quarterly. A mentioned above, IMA would have to get $699/ton+ to be cashflow positive which is highly unlikely unless it is paid for the 18,300 ton by the 31st which, again, is highly unlikely.

For long term holders this is not an issue but it may be an issue in attracting newbies.