THE TRADERS GUILD

[mightymoe]

Have a L@@K chart is way behind the consolidating sector; PRGNF is still flirting with ma50 .. and a technical move is a tech move.. should not be ignored.. GLBS NM ESEA SBLK DCIX SINO TOPS all crossed ma200 or better.. to fallow the $BDI recent uptrend.. and if it quacks it must be a duck..lol

this ticker was one of the best % performer while on nasdaq they filled for voluntary delisting and changed the symbol from prgn to prgnf and it got lost and forgotten: http://www.otcmarkets.com/stock/PRGNF/news/Paragon-Shipping-Announces-Receipt-Of-Notice-Of-Non-Compliance-From-NASDAQ--Transfer-Of-Listing-To-The-OTC-Markets-And-Developments-On-Newbuilding-Contracts?id=132632&b=y




it can run hard.. with volume.. and is a low float .. as of now OS is 650,000 something based a 550,000 stock issuance for some ship deals financing and debt release...

http://www.otcmarkets.com/stock/PRGNF/news/Paragon-Shipping-Issues-Letter-To-Shareholders?id=135634&b=y
At Paragon, we are doing the prudent thing. We are managing through the downturn, working closely with our lenders, and positioning ourselves to be able to capitalize when times change—which they will.

In recent months we have taken important steps to:

Substantially reduce our costs;
Significantly improve our balance sheet by entering settlement agreements with all lenders;
Extinguish $135 million in debt through sale of vessels which have been cash flow negative;
Preserve cash liquidity by raising $1 million through a series of convertible notes;
Extend the delivery of three Kamsarmax newbuilding drybulk carriers to the third and fourth quarter of 2016;
In exchange for 550,000 shares of Paragon common stock, entered into an agreement with Allseas Marine S.A. to write off debt, waive fees while Allseas Marine S.A. assumed all contractual shipbuilding obligations related to the construction of two new Ultramax carriers.
It's difficult to predict exactly when the cycle will turn. The analysts who follow shipping are quite often wrong. Experience tells us that change often comes when you least expect it. And when it comes, things can change quickly.

We believe that better days are coming. The Baltic Dry Index has been gaining traction even after the recent Brexit vote. Market sentiment has clearly shifted in recent months, away from the depressed views back in January and February.

I can promise you we will be ready when the drybulk sector begins to rebound. If I didn't think this was a battle we could win, I wouldn't be in the fight. I am a significant Paragon shareholder myself. Our interests are aligned.

We are optimistic about the future and are positioned to exploit any opportunities. We appreciate your ongoing support and trust, and hope you will continue to have faith in our leadership throughout the remaining months of 2016 and into the future.

Sincerely,

Michael Bodouroglou
Founder, Chairman and Chief Executive Officer
Paragon Shipping Inc.

IMO it has the most room to run from tech point, as is far behind the $BDI index and the sector..


Have a look.. needs some attention and some volume to bring it back to frontlines .. there are a few here who knows about it.. but I thought I might share it with the whole crew.. do your DD and enjoy.. this one is another hidden gem





still on ground levels and proof it can run.. :)