EQUIMAR BREATHES!

The restructuring of B+H created equity, eliminated debt, enriched CBK and made one oblivious CBO bondholder very happy. Deemed by some to be little more than “a fleet of Erikas,” B+H’s recent 20-F filing reveals a company that has been transformed, and might even have a shot at fleet renewal.

A quick perusal of the B+H balance sheet tells the story of a company that magically transformed its shareholder’s equity from a negative $6 million to a positive $40 million. How was such a feat accomplished?

This is only an excerpt of EQUIMAR BREATHES!

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