Seanergy Maritime Holdings Corp. (SHIP)

[Trish0949]

Same thing happened with me at Fidelity. I closed my account and went to Ameritrade and have not had any problems. They do charge a fee of $6.95.

[Alice-N-Wonderland]

Baltic Dry Index is at 1980

https://seekingalpha.com/symbol/BDIY:IND

https://twitter.com/Seanergy_SHIP/status/1369674809383206914?s=20

[Alice-N-Wonderland]

Let those whales come chase SHIP over $5

https://www.google.com/amp/s/www.fool.com/amp/investing/2017/11/06/can-mutual-funds-own-stocks-under-5.aspx

[Dan Money]

Ameritrade doesnt allow Caveat Emptor stock buys either based on my research.

"By January 31, 2021, TD Ameritrade will restrict orders in Caveat Emptor designated OTC securities to liquidating trades only.
A Caveat Emptor security is a designation the OTC Markets Group places on a security after a determination was made surrounding
the company that there may be potential risk to investors which include a questionable stock promotion, known investigation of
fraudulent activity committed by the company or insiders, regulatory suspensions, or disruptive corporate actions, among other
reasons.
The current list of Caveat Emptor restricted securities is below as of January 26, 2021 and is subject to change at any time.
Please visit www.otcmarkets.com for additional details and real time Caveat Emptor desiginations"

https://www.tdameritrade.com/retail-en_us/resources/pdf/cesecuritylist.pdf



Ameritrade has over one hundred Caveat Emptor stocks they do not allow traders to buy.


Oh well I guess I will have to avoid these types of stocks.What a bummer.

[Dan Money]

Ok so I just talked to Fidelity.

They said that If OTCmarkets.com flags a stock Caveat Emptor, a broker-dealer will not trade that stock, regardless of the risks. MOST OTC stocks, we'll let you trade. But there are no circumstances under which a stock flagged as Caveat Emptor will be tradeable through Fidelity.


He even said I should ask OTCmarkets.com which broker to get.

"Caveat Emptor stands for "buyer beware," and is flagged if there is suspected fraudulent information, a lack of public information about the company, if the company is intentionally keeping information from the public, etc."

I said that it still is stupid reasoning when Fidelity wouldnt of protected their customers from someone betting their life savings on block buster or Enron or the countless other companies that Caveat Emptor does not apply to.Those customers lost everything they put on those.


He said he agreed with me but that I was screwed anyway and that is just how it is.


Anyways lets go SHIP back to $2

[Dan Money]

Well I am already having an issue with Fidelity.

So they allow OTC stocks but it doesnt appear they allow Caveat Emptor OTC stocks.

(TC9050) Opening transactions for Caveat Emptor are not permitted because of the risks associated with these securities and all Microcap securities.

This is just stupid.The very first real order I try to make gets denied for this reason.I am now in chat on hold and I am going to ask if this can be removed from my account.If it applies to all accounts then I will have to leave and try a new broker.

What is even worse is their own stock screener shows this stock even though no customer on fidelity can buy it or so it appears.


Have you ever had this issue on Ameritrade? Where they say no you cant because the OTC stock is Caveat Emptor?

Does Ameritrade have fees for OTC stocks?

I need a broker that does not care if I want to buy a pump and dump stock at 0.0001 price.


To me the concept is just silly for etrade and fidelity.If they want to protect people from losing money than why be a brokerage.The guy who bet his life savings on blockbuster stock they wouldnt of protected him.He lost it all so why offer this level of protection that is not asked for.


Sorry triple000 I am just annoyed at both these 2 brokers and venting to try to feel better.



Thank you if what you tell me solves this problem by going to an actual good broker.

[triple000stocks]

until now yes. earlier in 2015 I was unable to trade some stocks. then took a break for 6 years because my PennyStocks dropped to 0.0001. since last Christmas it has suddenly risen to 0.0030. now I've started stock trading again

[Dan Money]

With OTC stocks?

[triple000stocks]

I am very satisfied with Ameritrade

[Dan Money]

ETRADE is no good for OTC stocks now.They changed their view towards them near the end of 2020.Plus they have a fee.They are cool if you do not want OTC.

I am not saying fidelity is good but there is no way they could be worse than etrade is now.


I finally have access to my money in fidelity for otc.I am going to give some public samples of my otc formula.

Part of my formula I can give away is that I have to make at least 200% profit per trade.

When people say how dangerous OTC is and it is so risky I really do not agree.

It was risky for me years ago when I had no idea what I was doing.It is for people that bet a huge percent of their bankroll on one stock but that applies to all stocks.There was a story about how a normal guy bet his lifesavings on blockbuster stock.

If you know what you are doing and do not bet an insane percentage of bankroll in any one stock it is cool.

Either way if fidelity doesnt work out I can check out Ameritrade.

Thank You

[kingsransome]

they have to get this $5 so institutions can acquire

[carusso]

Be aware they do not permit trading in several OTC stocks that I
Previously could buy, that I’ve been told others can buy via ETrade or Ameritrade.

[Dan Money]

Warrants prices can move much different but they move up and down much faster generally.I think warrants and stocks are great investments if you get in on a cheap enough price.You just have to get out well before expiration.

Both the stock and warrant are really cheap now but this mini recession being over is more important than anything ship is doing.

To the 2021 bull market.

[sambeaux]

Dan, hqtrs has announced some good things they are doing
with money that is coming in. I hope those facts are reflected
somewhere prominently in the earnings.
PS
I bought some warrants. But they do not seem to be leveraged in
the stock price. Moving at almost the same percentage
rate as the stock. Right now both up 10% today.
Not complaining...

[Dan Money]

I hope that mini recession is over.Nice to se all my pitched stocks green.

[Dan Money]

I am going to go off topic here but as I have said I opened an account with fidelity and it is a 8 to 9 business day wait to trade OTC stocks.Talk about a bummer.I only opened this account for OTC so.

Plus you have to wait like a week for them to approve your bank before this.

It showed my money in my account on the first and I was told the 10th is when I should allegedly be able to trade otc.They even told me that when it showed my money got there on the 1st that did not even count as the first day.

They claim they have no fees at least so we will see but this is just a warning to the rest of you be prepared to wait a long time for otc.

I am not going to say they are bad for being way too cautious but this is just extreme.


Just tell yourself if you open a fidelity account for otc you will wait 3 weeks in advance.

[Dan Money]

I have no idea what their logic is with earnings release anymore.Anyones guess is as good as mine now.

[Miner4life]

Is the earning release pushed to 11 ...thought it was to be released today

[surfer44]

" rel="nofollow" target="_blank">https://www.youtube.com/watch?v=

[Wheron]

#drys was one of my best stocks back in the day

[Alice-N-Wonderland]

From $2+ to $120 in just over a year. A 50+ Bagger!!! I wasn't trading then but I know of the story. I believe the Supercycle Stars are aligning for SHIP.

[Alice-N-Wonderland]

Been observing SHIP during premarket for many months now and this week was unusual in that large volume was being traded without allowing the price to increase. 400 block shares were on the Ask as the price was being walked down every day, I first noticed it at 1.31, next at 1.13 and then at 1.03. Endless available shares at those price points during premarket this week. Sometimes I wonder... who is the Maestro that orchestrates these market plunges to coincide with the bottom bar of the 1 month MACD . Took a loss of about $400 (33%) on a cannabis stock and added 400 shares of SHIP during after hours yesterday(expecting at least a triple at 1.03) and reminded myself to wait till today, Friday to buy more if it was pushed below a dollar. Just then, when nearly the entire market plunged, my phone battery died... Last price I saw was around .95 . You may know how seeing red and the "bad guys" get what they want can create physical stress in the body... Made the decision to detach by taking a nap. Didn't witness it go to the 80's or how it recovered at end of day. All I knew was SHIP was doing everything right and all the indicators I see globally tell me this stocks value is going to increase significantly this year. I think SHIP will land on the Moon.

[Miner4life]

The days of $drys...remember them well!

[Dan Money]

let us hope monday is the sign of the next 6 month bull market

[sambeaux]

Nopitee nope and not at all (much). Delivering stuff all over the worlds.

[kingsransome]

yup,,they got paid for stocked ships were getting paid big $ for sitting out the covid shame.

[kingsransome]

oh yeah,buyin the dipper $$$$$

[sambeaux]

Dan - It's almost like nothing they could do would
help the stock in these conditions.
Even though the supposition was that when pandemic is over
economies would skyrocket.

[Dan Money]

The stock itself and the warrant both look great at these discounts.It just comes down to when will these bottom out.

There is tons of stocks that are strong buys with these discounts but until we at the bottom it is dangerous to buy anything.

Like any mini or large recession some stocks and warrants will never see these low prices again like ZOM at 13 cents.


If ship has positive earnings I would delay that as long as possible.If they are bad they need to do it right now when it matters the least.

[sambeaux]

Dan, I would have to assume the earnings are pretty
good. Since they have enough CASH to pay off lots
of debt.
But it looks like the more good news that comes out..
the lower the stock goes.
I just bought some of the Warrants.
.09 cents.

[Dan Money]

That is excellent news.That they are putting money back into the company when they could just pocket it instead is a great sign even more so than the money saved.

It is a shame this recession kills this news.

If they going to have a crappy earnings they should do it now when it wont make a difference.

If they have a decent one it wont matter sadly.

[sambeaux]

Dan - Here's the excellent news about loan(S) payoff:
[NOTE THE LAST SENTENCE!!! ]
GLYFADA, Greece, March 04, 2021 (GLOBE NEWSWIRE) -- Seanergy Maritime Holdings Corp. (the "Company") (NASDAQ:SHIP) announced today that it has come to an agreement with one of its lenders, Entrust Global, for the early prepayment of a credit facility secured by a first priority mortgage on one of its Capesize vessels, the M/V Lordship (the "Facility").

The outstanding balance of the Facility is $21.6 million and is scheduled to be repaid with immediate effect. The initial earliest maturity date is in June 2023. The average applicable coupon through the remaining term of the Facility is approximately 10%.

Following the prepayment and assuming no refinancing of the M/V Lordship, the interest savings for the Company would be expected to be $1.3 million for the remaining of 2021 and $1.8 million on average per year for 2022-23. Additionally, annual repayments would be reduced by approximately $2.5 million on average, which would positively impact the average break-even rate of the Company's fleet.

In addition, a significant portion of the Company's junior / unsecured facilities has also been prepaid since the beginning of 2021 pursuant to the mandatory prepayment terms of those facilities, resulting in further reduction in the interest expense. Specifically, a $12.0 million prepayment has been applied against the junior / unsecured loans with an applicable interest rate of 5.5%, resulting in expected annual interest savings of approximately $660,000.

The prepayment amounts were funded with cash on hand.

[Dan Money]

You have to login for that link Sam can you show us or tell us what it says another way?

I saw the prepayment if we were not in this recession we would get a small spike I bet.

[sambeaux]

THE WRONG stuff is being crunched in this market collapse. Crazy

[sambeaux]

Dan and Alice - EVEN MORE GOOD NEWS. SHIP is paying off
its loans in cash.
"Seanergy Maritime Holdings Corp. Announces Full Prepayment Of Senior Credit Facility And Reduction Of Junior Facilities"
[But this good news is killing us!]
https://invest.ameritrade.com/grid/p/site#r=jPage/https://research.ameritrade.com/grid/wwws/research/stocks/news/article?c_name=invest_VENDOR&docKey=1952-c9f36de55b96d172e3033ce1e6476e58-04%20Mar%202021

[Dan Money]

I am into the positive news but we in a mini or long term recession making anyone buying anything but OTC too risky.A recession doesnt help OTC either but some people still buy crazy in otc anyway.

I hope this mini recession ends today as some stocks even with good news can not go up or sustain it.

More bull market.

[Alice-N-Wonderland]

https://neighborwebsj.com/uncategorized/3924577/2021-dry-bulk-outlook-will-iron-ore-export-be-able-to-meet-demand/

https://www.bloomberg.com/professional/blog/china-iron-ore-demand-may-stay-strong-on-high-steel-output-level/

https://www.google.com/amp/s/www.livemint.com/news/world/steel-ceos-see-demand-surge-building-amid-pandemic-recovery/amp-11614731122726.html

[Alice-N-Wonderland]

IRON ORE 174.12

https://markets.businessinsider.com/commodities/iron-ore-price

[Alice-N-Wonderland]

What would it take for the Baltic Dry Index to go over 10000 again like it did in 2007 & 2008 ?

https://seekingalpha.com/symbol/BDIY:IND

https://www.seatrade-maritime.com/asia/baltic-dry-index-crosses-10000-mark-first-time-december

[kingsransome]

news out on growth being huge $$$$$

[Mamameloconto]

I bought 16k shares yesterday I hope it moves for a feeling it’s going to run to 4 or maybe even 5

[QCAVN]

So I bought 9k shares this morning at 7:16. Yeah IHUB "trades" tab doesn't work right lol. let's see if this tests 1.41 again.

[Mamameloconto]

Little confused is it this week or around 16 and why hasn’t this moved more I see the big names up 300 percent for year is this another riot Mara with economy opening up

[Dan Money]

They have never done one or are planning to do one that I am aware of.

https://www.stocksplithistory.com/?symbol=ZOM

Even just checking historical prices of ZOM there is no split.

I was able to open my fidelity account and they do not appear to have any fees for OTC stocks which is amazing.ETRADE was always taking my money in fees.I should thank ETRADE if this works out in the end because I do not need to pay their fees for the rest of my life because they do not want customers in otc.


I deposited a small amount of money to see I can trust fidelity and even though the money is there now I have to wait 4-6 days for it to "settle" before I can trade it.I know they do this to protect themselves and me to but it is still lame waiting.

There is 2 stocks my formula wants me in on now and I cant do anything it sucks.

I want SHIP to have some earnings it will speed things along.

[sambeaux]

Almost looks like ZOM did reverse split? eom

[kingsransome]

maybe we get a pop to $3+++ on conference today/tomorrow

[Dan Money]

So I went from being teased I got this massive gain to instead getting a massive loss.

When we buy into stocks under $1 we take the risk of R/S and delisting and sometimes we make a bundle and sometimes we get burned.

I sold GHSI taking almost a 50% loss.

On one hand that looks and sounds so bad and it is but in my pitch history I pitched ZOM at $0.13 cents and it is at over $2 now so as long as you right more than wrong you risk it.

I am used to OTC trades after all where I make 400% or more on one trade or lose everything.A 50% loss is small compared to that.

My formulas have no defense for R/S or recessions sadly but it is the risk I will keep taking.

[Dan Money]

I gave away one of my formulas picks for free and one of them hit today.

GHSI is up 450%

My GHSI Pitch: "I am pitching GHSI at $0.81 on 2/24/21 I see it getting to $4"

GHSI is at $2.70 right now.


Now I am seeing it is a reverse split.Ok ignore this post everyone until I get more information.A R/S to $4 is not what I meant.


As for SHIP I am holding for more news and information.

[sambeaux]

MARKET UP 500. And we get a nickel??? What's gonna
happen when market's down again!!!

[sambeaux]

Long - I don't know the Warrant terms, but here is trading on (Schwab) Fri:
SHIPW (B) - SEANERGY MARITIME 21 WTF 0.088 +0.0063 Bid: 0.065 Ask: 0.095
3:46 PM ET, 02/26/2021
Day High: $0.0904
Day Low: $0.071
52 Week High: $0.20
52 Week Low: $0.001
Bid Size: 155
Ask Size: 13
Let us know if you find more.
Kinda looks like it could be a sort of
leveraged Call.