Most important part of the news today:
"This transaction allows for capital to be deployed as a bolt on to each vessel as they come under Turner control. Already, two (2) ships have been committed to the placement under the Series A Preferred Share structure. The initial commitment under the Agreement is approximately $15 Million of cash and assets. The vessels are undergoing third party appraisal which will determine their dollar value. The remaining balance of the initial $25,000,000 will be used to secure additional shipping vessels during the extend phase of Turner’s shipping acquisition."
2 ships committed and more to follow after the third party appraisal results.
Pretty sure the third party appraisel is assocciated with the Dubai peeps.
Dubai sees money in TVOG. TVOG CEO is restricting the Dubai excitement with restricted shares.
I keep reading $1 from TVOG. I would assume $TVOG will hit it.
$TVOG
"This transaction allows for capital to be deployed as a bolt on to each vessel as they come under Turner control. Already, two (2) ships have been committed to the placement under the Series A Preferred Share structure. The initial commitment under the Agreement is approximately $15 Million of cash and assets. The vessels are undergoing third party appraisal which will determine their dollar value. The remaining balance of the initial $25,000,000 will be used to secure additional shipping vessels during the extend phase of Turner’s shipping acquisition."
2 ships committed and more to follow after the third party appraisal results.
Pretty sure the third party appraisel is assocciated with the Dubai peeps.
Dubai sees money in TVOG. TVOG CEO is restricting the Dubai excitement with restricted shares.
I keep reading $1 from TVOG. I would assume $TVOG will hit it.
$TVOG
