Tuesday, May 2, 2017

Marco Polo Marine - Impending Collapse

I have written about Marco Polo before. Today, the company requested for a suspension of the company shares traded on the SGX in view that the restructuring of debt is not going on smoothly as there is resistance from some lenders.

I am of the opinion that this o&g counter will be the next to fall and taking the step of coming under judicial management is just a stone throw away. Equity holders will most likely get nothing.

not vested!

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