SetStandard
Sorry, but I perfectly understand what is happening and I have experience from chapter 11 representing the workers.
Later stock expansion and later bankruptcy.
The details might be different , but the big picture I get.
Fredriksen is underwriting potentially worthless stocks, according to some here.
He does that only if he can make money OR he can take over the whole shooting match and make a LOT of money.
For Norwegian it is guaranteed money, so no loan default!
Kjos has been pissing away money like a drunk sailor. Fredriksen is a strict Captain and he will make everyone work for the money and get the income up and cost down.
He could start by making the Cabin crew sell me a coffee on Thursday morning.
He will not get into the running of the company for now or maybe ever. But IF he does I suggest everyone gets their **** together.
Interesting journey ahead.