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Overseas Shipholding (OSG) files to delay its 10-Q. The time frame for completing the review is...

Overseas Shipholding (OSG) files to delay its 10-Q. The time frame for completing the review is not currently known. However, it is anticipated to be beyond the permitted extension date of November 14.
Comments (1)
  • purpleknight
    , contributor
    Comment (1) | Send Message
     
    It sounds like OSG is in a hole that can't be exited. I understand you saying that the primary creditors ( banks holding notes on vessels) will Be the only ones getting money, besides the BK lawyers, and even then banks will only get fraction of dollar due banks. I'm I correct or is there some way put of BK and also functioning?
    13 Feb, 01:59 PM Reply Like
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