- Given the company's history of dilution and penchant for death spiral financing, we caution investors to steer clear of this security.
- We foolishly believed in the company in the 2014-2015 period until we were blatantly burned.
- A discussion of Net Asset Value and company fundamentals is irrelevant with a leadership team that benefits from increased scale through commissions, management fees, etc while shareholder dilution continue unabated.
- In short, fool me once, shame on you; fool me twice, shame on me.
For further details see:
Shipping Is Hot, Top Ships Is Still A Casino Stock With No Value