Tide turning against controversial ‘hyper-dilutive’ shipping stock sales

Capt. John

Operator: “Your next question is from David Cohen.”

Cohen: “Yes, what is the current plan to destroy stockholder value as you did with Imperial Petroleum?”

StealthGas CEO Harry Vafias: “Next question please.”

Cohen: “What is the plan? …” (Operator hangs up on Cohen.)

That was an exchange during the latest quarterly call of StealthGas (NASDAQ: GASS), whose spinoff Imperial Petroleum (NASDAQ: IMPP) is one of numerous Greek-owned shipping companies that have raised millions via dilutive share...

https://www.freightwaves.com/news/tide-turning-against-controversial-hyper-dilutive-shipping-stock-sales

Leave a Comment

Join Our Newsletter
Enter your email to receive a weekly round-up of shipping news.
icon