To those of you unfamiliar with the Palios family, I will just say Diana Shipping (DSX), and let you get the rest of the details from the article.
At the height of the dry bulk shipping boom, 2005 - 2007, DSX was a major dry bulk player. Today, not so much. My last venture into DSX was a couple of years ago. I have very underwater DSX warrants to prove it 
Just to satisfy my curiosity, I went digging into my records for DSX transactions. Turns out it was more recent that I thought.
Bought DSX in my taxable ac (three transactions - Sept 2023, Dec 2023, Jan 2024) and Roth ac (one rt bought Dec 2023, sold Mar 2024, loss -$18). I DRIPed the Dec 2023 div payout and sold the entire taxable ac position in May 2024 for a small loss ( under $90). DSX sells for ~52% of my taxable ac exit price. The DSX warrants were pitched as a “sweetener” incentive to existing shareholder. A shareholder received a DSX warrant for every X number of shares owned. The terms of the DSX warrants were, for every 1 warrant owned, buy 2 shares of DSX for a fixed price (IIRC, it was $4/sh) and get a third share free. Theoretical case of owning 100 DSX warrants. Buy 200 additional shares of DSX for $800, the shareholder would own 100 additional DSX shares with the warrant conversion. Like I mentioned in the original post (OP has a different meaning wrt DSX), I still have my DSX warrants.
To the new generation of Palios family (the two daughters of founder patriarch), two somewhat positive thoughts