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Goldenport – EGM resolutions passed, now for the toast

By Nigel Somerville | Thursday 31 March 2016


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Main market listed Goldenport (GPRT) has announced that the resolutions put to an EGM to allow the disposal of its remaining fleet of ships have been passed. I highlighted HERE and HERE that it would appear that the equity is worthless and so it would seem that shareholders are set to lose everything. One thinks of turkeys voting for Christmas, although there seems to have been little choice in the matter.


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