Eagle Bulk Shipping Inc (EGLE)

[gm99]

Those 344 Million newly issued shares are dumping to the new bagholders! Be very careful!!!

[DR. EVIL]

Looks like a pumped pig here. Oh well.

[DR. EVIL]

POS getting ready to crash!!

[Atlas35]

Ya being promoted by pennyhub. Been watching their picks over the last few weeks the guy is a daytrader. Bails after it makes its move. Dont hold long and becareful the majority of his picks tank

[OB_WEALTH_INC]

EGLE BIG PLAY OF THE DAY wee wee weee weeee

[petguz]

Another pump and dump promo lookout !!

[OB_WEALTH_INC]

GUYS EGLE READY TO BREAK OUT. BUYING BREAKOUT 0.75.

[ClayTrader]

* * $EGLE Video Chart 04-08-16 * *

Link to Video - click here to watch the technical chart video

[gm99]

Wow! EGLE, good pump! It's issued 344 Million new shares or 1000% Dilution!

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11290736

Page 3.

In connection with the entry into the Second Lien Loan Agreement, on March 30, 2016, the Company has agreed to issue up to 344,587,536 shares of common stock (the “2L Shares”) to the Second Lien Lenders pro rata based on their participation in the Second Lien Facility, which Second Lien Lenders will receive shares equivalent to 90% of the outstanding common stock of the Company after such issuance.

All the current shareholders are actually Wiped out!

Pump in Order to Dump before the 344 Million new shares flooding in the markets.

Be very careful.

[hondaboost]

Now, EGLE $0.72 from $0.33. Great run, isn't it!!!

[Zardiw]

DDAmanda® Chart on: $EGLE: Click on the chart twice to see it better.



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[Zardiw]

DDAmanda® Chart on: $EGLE: Click on the chart twice to see it better.



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[hondaboost]

EGLE, turning around and rebounding to $1 mark if not dollars.

[hondaboost]

EGLE, $0.41, starting moving. It went to $3.5 on Mar 7 from $0.7, High: $12.

2016/03/07, $3.50, 1,999,045, $3.07

Repeating again? !

[oxnous]

Six months from now and it may be worth another look.

[GALGO]

Those filings on Friday AH are a confirmation of value for EGLE, I expect a hard bounce.

[GALGO]

I feel sorry for the panic sellers.

[Johnnycash2013]

Looks like GoldenTree asset management bot a literal boat load of shares yesterday. Looking good for a bounce

[GALGO]

Bids had been insane.

[Johnnycash2013]

I agree I think this closes above .40 today

[GALGO]

Low floaters like EGLE can surprise anyone at any moment.

[GALGO]

EGLE is stablishing a nice support at .38-.39, bounce is inminent.

[Johnnycash2013]

I think we get a dead cat bounce here or early next week

[doglover1]

Yes, it did, but it came right back down a few days later. Don't expect another spike like that again for quite a while. I wasn't in it at that time.

[hondaboost]

EGLE, went to $3.5 on Mar 7 ?

2016/03/07 1.46 3.50 1.45 3.07 1,999,045 3.07

[doglover1]

Don't think it's dead. Book value of over $15.00 a share, debt to equity .4/1.

May take a year or two, but there will be a turnaround here. This could easily be a 10 bagger IF you're patient enough and ride this out. My only concern is the coming reverse split. It will take many months to overcome that decision in the mind of 98% of investors. Aside from bankruptcy, reverse splits are the second most unpopular thing a company can do in the eyes of investors. But it usually has to be done to retain listing requirements, so it's a bullet we have to take.

20% dilution due to new financing isn't popular, either, but when your back is against the wall keeping the company afloat is corporate directors and officers first and only concern.

When you start reading about ocean shippers selling ships for scrap prices you'll know the turnaround is near. Meager world economies together with an overcapacity of shipping vessels don't change overnight. Anyone not willing to hold on and ride this out should be investing in another industry. Many of these shippers won't make it, but EGLE should be a survivor, with over 90% of their stock closely held by either funds or corporate people. The total publicly held shares, about 8 - 9 million shares, almost all traded Thursday, so all the weak hands should have been washed out. A slight turnaround should take place tomorrow, maybe a couple of cents or so.

[oxnous]

Dead cat bounce? But still dead.

[GALGO]

Possible bounce, news were good.
This is a low floater, only 9 mill.

[CashFreeze]

Wow this one looks brutal. These shopping stocks are pure roulette wheel

[GALGO]

I guess You got your wish.

[todboyd]

Doubt it

[willlbone]

Fifty cents come on down.

[bradakus]

`

[golfndude]

Huge move today !!

[Bylerzone]

The chart is moving up nicely right now...traders that r going long are pleased...I see it possibly getting in the $8 + range in the next week or so with this move. It nearly hit that today

[rooper222]

losing a $1.38 per month. Should be back in the penny land before Christmas.

[banking it]

Same old dance...shareholders get fk'd after reorganization

[Penny Roger$]

Postaholic.. Apostalyptic I'll never admit it!

Volume seems back to "normal" which is a great sign for the company. That is more money flow than they were getting for some time prior to last week.

Maybe she stabilizes. Too bad the chart has to look so wacky. If they can maintain the current pps for a week or so to let the upper Bollinger band catch up some..

[Jason Reed]

So what your'e saying is that you shorted old EGLE stock when it was running up pre-market on Friday morning? If you didn't know this was a restructuring you could easily have bought the old shares as they were running up and lost money.

[learning curve]

Read previous post here.
You seem to be a postaholic....

what's your idea here??

Girls are simple.....they are crazy, annoying, dramatic, etc....deal with it...it's the best thing for you.

[learning curve]

I agree; however I was the fool. My bottom line was $500m MArket cap at .05 vs .05%. A tedious and neglibgle error.

I am still confused; could you share?

My guess is the opposite of your demeanor (it seemed as though you think this is over valued and a liquidation stunt). I actually think it was to create liquidity by inviting shorts. Is see $40-$60 price coming.

I'm considering doubling my $%. With my original basis MC to was 5* current (even with my 2 decimals off)....I beleive it to be extremely undervalued.

What am I missing?

[Trader_Jake]

It'll come back down. The shorts will eat it up when it does.

[arbmaster]

Really a shame so many are clueless about this. Please, if you don't know what's going on , stay out of the shark infested waters.

The SEC should investigate this, and those lowlife at NASDAQ should have broken all those am trades.

[Penny Roger$]

Oh, I am interested. Always. It's the only thing that puzzles me almost as much as women.

[learning curve]

That post is ignorant. It is nothingness like a r/s....

However the PM interests me; I've never done calls or options.... I'm too new in the game and I do not believe in predicting the future....I prefer liquidity.....the only thing i own are my cloths and an '83 Toyota celica.

Would calls be subject to adjustment; leaving them worthless as well?

Do you know if those who shorted could have covered today? If so, why did short position decrease so much recently? My guess looking back was that the increase share structure was to facilitate liquidity, for shorts to cover. But since the shorts already covered what is purpose?

This simply appears to be a general public, idiot, retail, subsidized joke of an industry?

I'd like to get sometjjng out of this experience; I'm lost; assistance and insight appreciated....
Don't blame you if your not interested though.

[Penny Roger$]

According to a PM I got the only way to have scored this one was in calls. All share holders got the shaft by court ruling I think. Now we have a massive gap to fill perhaps.

http://seekingalpha.com/article/2568425-dont-be-fooled-by-eagle-bulk-shippings-2223_53-percent-explosion

The old common shares were cancelled and replaced with "new" common shares. Old shareholders got a 0.5% equity interest plus 7.5% in warrants. 0.5% equity of the new share structure is the mathematical equivalent of a 1 for 107.6 reverse split before dilution and warrants. For example, if you owned 100,000 shares of Eagle Bulk Shipping yesterday you now own only 929 shares today.

At yesterday's close, 100,000 shares was worth $68,000. Today those 100,000 shares are now 929 shares worth $14,678 for a loss of 78% over night (not including the warrants). On top of this the outstanding share count is now more than double what it was yesterday so that $289 million market cap you see on Yahoo isn't accurate: it's closer to $600 million

[learning curve]

Edit: My math was so f'd up. I'd did my math at .05 NOT .05%!!!
What a basic f'n error.
The trading that enticed me to buy was a few short covers....just happy I sold half when trading looked so bad.

What an elementary mistake!!!

Accountability. I will not make this mistake again.

Two decimal places = $1500.00 vs my $150.00 out of a $800.00 bet!

[beach_trades]

http://seekingalpha.com/article/2568425-dont-be-fooled-by-eagle-bulk-shippings-2223_53-percent-explosion

The old common shares were cancelled and replaced with "new" common shares. Old shareholders got a 0.5% equity interest plus 7.5% in warrants. 0.5% equity of the new share structure is the mathematical equivalent of a 1 for 107.6 reverse split before dilution and warrants. For example, if you owned 100,000 shares of Eagle Bulk Shipping yesterday you now own only 929 shares today.

At yesterday's close, 100,000 shares was worth $68,000. Today those 100,000 shares are now 929 shares worth $14,678 for a loss of 78% over night (not including the warrants). On top of this the outstanding share count is now more than double what it was yesterday so that $289 million market cap you see on Yahoo isn't accurate: it's closer to $600 million

[Penny Roger$]

This happens once in a blue moon to some company! I also had no idea this would happen! I figured 1.00-2.00 for some covering. This was phenomenal.

[DGomez]

Is this similar to newl ?