Top Ships Inc (TOPS)

[modrica]

will be 19 millions shares outstanding fully diluted after some warrants and conversion of debt

from today's filing :

" This percentage ownership is based on 19,492,764 Common Shares outstanding, which is calculated for this Schedule 13D/A purposes by taking the sum of (i) 15,321,711 Common Shares outstanding, (ii) 4,100,000 Common Shares issuable upon the exercise of all of the 1,250,000 Warrants currently held by Race Navigation, and (iii) 71,053 Common Shares issuable upon the conversion of $0.05 million of outstanding debt held by Family Trading under the Amended Family Trading Credit Facility "

not to bad , they got lots of cash recently and $bdi index is through the roof

lets see what happens

imo
gl

mod