Jasper Investments fell another 6.2% at the open today after they announced they could not raise funds to take delivery of their new vessel. The stock price fell from a high of $0.875 in 2007 to $0.015 and have not recovered since. Sept. 1 (Bloomberg) — Jasper Cosmopolitan unable to raise enough funds to take delivery of Jasper Cosmopolitan vessel from Yiulian Shipyard. • Yiulian exercised right to seek to sell ship • Co. plans to work with Yiulian on sale process Key shareholder, Morton Bay Holdings (80.77%) pulled financial support and bond holders refused to cooperate. Jasper Explorer (Aug 19) – there were not sufficient bondholders present at the bondholders meeting to form a quorum, and no valid resolution was made. The bond agreement will remain unchanged – no postponement of the next coupon due in November. Consequently, the owner has to pay the coupon or ......