pretty much spot-on mate ! hence my (rants) that all one has to do is wait till the re-cap !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
the 2 major shareholders could indeed offer to act as underwritters ..........
post the re-cap - the nuff nuffs running this show will be (politely) shown the door ........
the new (major) holders then get a call option over a return to activity within the sector, at a large discount to "liquidation value" ........
it is also clear, in the current environment, that MRM can stay afloat, simply by selling-off a few vessels ........the 2nd hand market is "flooded" (lol !!!!!) with them ........abt 15-25c in the $.......
so that means a few more will be "laid-up" ......and a few more trimming of jobs inside the company .........
all this will take (1-3 months for the recap) to 2-3 years for the rebound .........
rgds
Value_Hunter (aka still patiently awaiting !)
MRM Price at posting:
28.0¢ Sentiment: Hold Disclosure: Not Held
