Another question we have been receiving recently has to do with our F3 filing. Our previous F3 registration statement expired and in order to continue using it, we had to file a new one with a same terms and conditions. This procedure is considered a standard practice for listed companies within the industry.Finally, I’d like to underline the Star Bulk Carriers is a Marshall Islands company not a Greek company. It is true that we maintain offices in Greece and our fleet is managed from these offices, but the shipping unit is global even though a potential Greek exit from the euro zone would definitely have ripple effects throughout the global economy, our business is not affected directly. If anything, the current euro weakness works in our favor, since more than 70% G&A expenses are in Euros.
Star Bulk Carriers' CEO Discusses Q1 2012 Results - Earnings Call Transcript
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