First Ship Lease Trust

[HitandRun]

See post# 223 on what makes sense to me.
 
On the contrary, this could turn out to be the option with the MOST resistance.
 
For those disagree with the proposed rights issue. There is a chance to Vote “NO” in the first place. After all, the Sponsor/TM only controls 24.82% of the votes.

From the share price movement, looks like Mr. market doesn't quite like it............

I think the problem is that a rights issue is such a blunt instrument. 

TM only hinted indirectly at the necessity to strengthen the balance sheet but is asking for carte blanche to do what he pleases. That's a no no in my dictionary. 

Incidentally, I've already instructed my nominee to vote against the resolution.