Mar. 13 at 5:04 PM
$NAT Who else believes the Hanssons purchased 400K shares at 5.70 to reach the combined threshold to hit 5.2% holdings and get the headlines of "YIPPIE! 🥳" via the 13D to lure in retail, while they quietly exited their position using off-exchange dark pools? 🙋♂️
The entire 400K could be sold in chunks and it wouldn't amount to the 1% threshold necessary to file an amendment.
Better yet, this comes just before the SEC's March 18 Form 3 filing requirement due to the Holding Foreign Insiders Accountable Act. 😱🤣
Oh yeah, and the ex-dividend date of March 10th; no more reason to buy... hmm, where is NAT going to get the cash??
Simply Wall St analysis showed that NAT’s dividend is not covered by free cash flow. In fact, their payout ratio spiked to over 150%. 😣
Hmm... 37mil for dividends, tens of millions for initial payments for their new ships... headlines of AMAZING revenues... where oh where...?
I smell an offering. 😜
