Risky - yep, Im with you on both things here . we also have to get the utilization rates up - basically what your saying ..... we all know the book value at .2 is great value right now ....however , rigs will  depreciate over time lowering the NAV ....so we have to have firm good paying contracts , with a high utilization rate to make things work here ...  

so Walter is running the show now .... was the previous CEO pushed , or did he jummp ? ....im really not clear on this !!!