Vintiadis Aims to Take Global Oceanic to London AIM for $82 million

Vassilis Vintiadis seems to be one who has taken notes of the type of numbers on our Cash Flow Multiples table, or at least knows the restrictions of purse strings. He is seeking to raise cash to launch Global Ocean Carriers, starting with three bulk carriers, each over 20 years old, for a total purchase price of approximately $45.5 million. As he is seeking to raise around $82 million through a listing of the company on London’s Alternative Investment Market, it is implied that the first three vessels are only to be the beginning.

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