Is NAT Proposal Three Preparation For Another Dilution? | NAT Message Board Posts

Nordic American Tanker Shipping Ltd.

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Msg  1394 of 1402  at  12/7/2018 3:10:54 PM  by

Longnholding


Is NAT Proposal Three Preparation For Another Dilution?

 Not that it matters except as a symbolic gesture, but I voted against NAT's proposal 3 to double their stock units.  This looks as if it were a preparation for another dilution for their share holders in order to expand the fleet.
 
I wish that NAT would clean up their balance sheet, earn their dividend, and reduce their debt and see how well the tanker market holds up before they get a gleam in their eye about growing the fleet size.
 
NAT management needs to restore the faith of their investors that it is interested in growing the equity value of their operation rather than preserving the family's dividend at the expense of  share value.
 
I for one don't like to feel that I'm being played for a sucker.


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Msg # Subject Author Recs Date Posted
1395 Re: Is NAT Proposal Three Preparation For Another Dilution? PinewoodsBear 1 12/7/2018 8:53:46 PM






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