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Stock impact report

Sphinx Investment Corp. Issues Statement on Seanergy

Seanergy Maritime Holdings Corp (SHIP) 
Last seanergy maritime holdings corp earnings: 2/13 08:00 am Check Earnings Report
US:NASDAQ Investor Relations: seanergymaritime.com/en
Company Research Source: Business Wire
NICOSIA, Cyprus--(BUSINESS WIRE)--Today, Sphinx Investment Corp. (“Sphinx”) released the following statement in respect of its investment in Seanergy Maritime Holdings Corp. (“Seanergy” or the “Company”) (NASDAQ: SHIP):Sphinx has reviewed Seanergy’s recent statements to the media and in its May 31 press release. It appears to us that Seanergy thinks that it can confuse shareholders into forgetting what CEO Stamatis Tsantanis and the “independent” members of the Seanergy Board of Directors (the “Board”) have done to them by reciting platitudes about good governance and strategic plans. Let us help refresh their memories:The Seanergy Board effectively robbed shareholders of their governance rights by selling 49.99% of its voting power to CEO Tsantanis for a paltry $250,000, at a time when the Company had more than $400 million in assets. This transaction was rubber stamped by Mr. Tsantanis’s handpicked Board. This is not an “open-minded” Board that has shown it values good governanc Show less Read more
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