Robert Bugbee cautious of prices

New York listed Scorpio Bulkers president Robert Bugbee explains why Scorpio Bulkers is now turning away both private investors who want to buy company shares and investment bankers who tell him there is ample demand for further raises. New York listed Scorpio Bulkers president Robert Bugbee explains that Scorpio Bulkers have $142 million in cash on balance sheet and will be helpful during “rising” dry bulk market. Robert Bugbee commented that Scorpio Bulkers raises money but cannot execute quickly essentially runs the risk of diluting shareholders. In 2016 last quarter, New York listed Scorpio Bulkers posted a loss of $20.6 million.