NAO - Nordic American Offshore Ltd

[Voodooking]

I notice that this company was a spinoff from Nordic American Tankers (NAT) in 2013, but NAT have recently put out a press release stating that they are going to issue a distribution of their remaining stake in NAO as part of a dividend at the end of this month (31st August).

 

I don't have a lot of experience in the Special Situations investing field, but I just wondered if this would create any opportunity for us?

 

I know that lots of NAT shareholders will now receive small amounts of NAO shares that they presumably didn't particularly want or know what to do with. I expect most of them will simply sell without investigating value or doing any analysis on NAO.

 

If anybody has taken advantage of a situation like this before, I'd be interested to hear your views on what the best way to profit from this situation may be, if at all.

 

http://www.nao.bm/nordic-american-offshore-nysenao-press-release-from-nordic-american-tankers-limited-2/