04-07-2013, 03:42 PM
Isn't the Trustee and the Manager the same entity in a business trust ? They appointed 3 new directors this month (including 1 non-executive director) - I guess they will be spear-heading the move to renew the Management team, find a new charterer for the 2 defaulted crude oil tankers and possibly restructure the Trust.
(Not Vested)
(Not Vested)
Disclaimer: Please feel free to correct any error in my post. I am not liable for anything. Do your own research and analysis. I do NOT give buy or sell calls and stock tips. Buy and sell at your risk. I am not a qualified financial adviser so I do not give any advice. The postings reflects my own personal thoughts which may or may not be accurate.