Sorry for you guys, this doesn't look good at all. This happened to me with GSL, in retrospect all the little signs were pointing to a company on the rocks but they kept just spouting optimistic nonsense.
Re: staying insolvent: looks like a lot of that available cash is in loan facilities. Which means the lenders may have decided it was too risky a prospect and backed out.
Good luck all, hopefully this one gets back on it's feet. If not it might take a while to write off your losses. GSL has been with the administrators for 2 months now, not sure how long it will take.
CCE Price at posting:
0.4¢ Sentiment: None Disclosure: Not Held
