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One other related item- the tie-in's between Fredriksen entities. They exist and since they
don't show on a Balance Sheet, it is sometimes easy to overlook

This, in my opinion, is the biggest issue in investing with a JF company - is he going to tweak it for the benefit of himself leaving the rest of us ordinary stockholders holding the bag? I think that must be the reason the yields on his companies remain so high - not just the volatility of the tanker market, but - is Frederiksen going to move stuff - debt,equity, tankers etc - from one entity to another?

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