Set to grind higher, page-21

Hi YellowFin.

I read on Bloomberg that more Singapore based OSV companies are in trouble.

http://www.bloomberg.com/news/artic...-issue-shares-as-singapore-bond-strains-mount

With retrospect as 20/20, the decision to buy JAYA at re top of the market was an extremely regrettable error by MRM.

I agree that survival of the fittest and most nimble is likely.

The best guys to survive would be the guys who sold to MRM JAYA at the top of the market, rather then the current MRM management who brought JAYA at the top of the market in debt fueled frenzy.

MRM is IMO is in real trouble and I believe a total loss scenario for equity holders is a pretty likely outcome.

Despite my reasoned judgement I actually brought a parcel the other day post OPEC and I'm really feeling stupid for doing that as I should have known better.