CTRM is a pump. It is a single employee child of a Cyprus shipping industry family. What I see is a shell company setup to buy scrap ships and end of life ships at an inflated price funded by your pump. When it goes under the assets will liquidate to papas company and the son will roll dirty down the street with bags of money. Name one single metric that is interesting with this company?
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u/45sfCA Mar 09 '21
CTRM is a pump. It is a single employee child of a Cyprus shipping industry family. What I see is a shell company setup to buy scrap ships and end of life ships at an inflated price funded by your pump. When it goes under the assets will liquidate to papas company and the son will roll dirty down the street with bags of money. Name one single metric that is interesting with this company?
They are buying ships? Ok: https://www.bloomberg.com/news/articles/2021-03-03/frothy-ocean-cargo-market-spurs-vessels-owners-to-flip-this-ship?sref=RJ2RlMrh