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Reversal taking place for 1st time in months ... from a triple top the breakout could be violent. Hold you masks shorties . :P
It keeps coming back above .29$ because the warrants conversion above .29$ ... if they want to convert now , a pop might be at the corner .
No im kicking myself!!
Still glad?
Buy right at open if you can :P make it harder for the big shorts to cover ????
Damn, I missed the boat on this one. Mates Look like the ships Tops, Diana, and Drys is go to sat sail and make a big voyage today.
DCIX DRYS TOPS all up at pre market
https://ih.advfn.com/p.php?pid=nmona&article=75760751
Finally the Company received a subpoena from the Securities and Exchange Commission ("SEC") requesting certain documents and information from the Company in connection with offerings made by the Company between February 2017 and August 2017. The Company is providing the requested information to the SEC.
Thanks. If they do get a buy out, I sure hope it is north of $1.
Monday oct. 2nd at 5 pm eastern time
K6 for which company, DRYS?
When is the rights offering to be completed?
can you give me a link were you did read it ??
i found it
it is the k6 form
I'm predicting DRYS is going to take over TOPS after the rights offering and I have many others backing this theory.
Kalani style financing is done. SEC is now involved if you hear shorts..don't listen. The company is being now heavily watched/pressured to end dilution.
SEC won't halt this play but they slam the door on plays that are on a short squeeze with good news. Ridiculous.
They announced they received a subpoena from the SEC...
I don't think so
Is this the squeeze? Or another pump and dump?
Yes Looks like... But just to bring mm's in Position...
It's getting a volatility halt every few seconds... Nice move. Looks like it's getting the sector moving.
I got DCIX today 1,12... Going Crazy
Shippers day!
Look at DCIX!!!!
See what a little investigation does to a misleading company. who has been rippling shareholders off for so long. finally some justice for the little guy. Now we have the British Island Government, the shareholders lawyer for class action lawsuits, and last but not lease the SEC finally. These Greek tankers and sea bulk tankers: Drys Ships, Diana Containment, and Top Ships raw dealings has came to a halt.
What happen to all of that dumping and r/s after r/s now.
They have time before they Neeeeed to RS. And with all the law suits hanging over their head, I bet they play nice as long as possible. I'm waiting for the squeeze. But I won't wait long enough to get a delisting notice.
'Tdogwm', with this company you just never know what may happen. Look what DCIX did, a 1:3 R/S today.
If TOPS does this, the stock will tank like DCIX did today. You would think the company would realize that if they R/S the shorts will drive the shareprice right back down below $1.00 in a hurry, even in the pre-mkt.
I hope TOPS see's what happened to DCIX today.
That's exactly why I bought in the first place but still waiting. You would think they wouldn't want to further incriminate themselves...
'Tdogwm', not sure what is going on here today.
I do feel however a DRYS style press release stating the selling of shares is done will come soon here when everyone least expects it.
If they aren't selling, guess that we go up.
25th September 2017
Baltic Dry Index (BDI) 1503 +1
$SHIP$
You think that that is all they're dumping? It didn't look like much had changed from the last filing except they added 3 million more shares. Everyone is saying the family is dumping and so is the other warrant holders yet they aren't.
So what if they don't?
'nathanial', refer in bold below your answer.
On February 21, 2017, the Issuer amended and restated the Family Trading Credit Facility (the " Amended Family Trading Credit Facility ") in order to, among other things, remove any limitation in the use of funds drawn down under the facility, reduce the mandatory cash payment due under the facility when the Issuer raises capital through the issuance of certain securities, remove the revolving feature of the facility, and extend the facility for up to three years. Further , under the terms of the Amended Family Trading Credit Facility, if the Issuer raises capital via the issuance of warrants, debt or equity, it is obliged to repay any amounts due under the Amended Family Trading Credit Facility and any accrued interest and fees up to the time of the issuance in cash or in Common Shares at Family Trading's option. Family Trading retains the right to delay this mandatory repayment at its absolute discretion. For the first six months after the execution of the facility, no more than $3.5 million can be mandatorily prepaid in cash. Subject to certain adjustments pursuant to the terms of the Amended Family Trading Credit Facility, the number of common shares to be issued as repayment of the amounts outstanding under the facility will be calculated by dividing the amount redeemed by 80% of the lowest daily volume weighted average price of the common shares on the Nasdaq Capital Market during the twenty consecutive trading days ending on the trading day prior to the payment date (the " Applicable Price "), provided, however, that at no time shall the Applicable Price be lower than $0.60 per common share (the " Floor Price ").
Further, in the case where the Issuer raises capital (whether publicly or privately) and the Applicable Price is higher than the lowest of (henceforth the " Issuance Price "):
a.
the price per share issued upon an equity offering of the Issuer;
b.
the exercise price of warrants or options for Common Shares;
c.
the conversion price of any convertible security into Common Shares; or
d.
the implied exchange price of the Common Shares pursuant to an asset to equity or liability to equity swap,
then the Applicable Price will be reduced to the Issuance Price. Finally, in case the Applicable Price is higher than the exercise price of the Warrants, the Applicable Price will be reduced to the exercise price of such outstanding Warrants.
As of September 21, 2017, upon conversion at $0.60 (Floor Price) of $1.3 million currently outstanding under the Amended Family Trading Credit Facility, Family Trading would receive 2,135,000 Common Shares.
https://ih.advfn.com/p.php?pid=nmona&article=75710182
Good logic.
Do you have a link to the reference, please?
Thanks.
Scroll all the way to the bottom and read Items 4-end. It's all set up, just be on the right side of it.
This is just a theory. They have tried multiple times before. With the preferred shares being converted to common shares I think Economou may be trying to organize some massive short squeeze. TOPS still has about a half month left before the non compliance notice, that's why I think the price floor was announced. Reference most recent filing to find that it's set at .60$ This is all theory, but why else would the preferred shares be converted?
DRYS trying to buy TOPS.....why?
22nd September 2017
Baltic Dry Index (BDI) 1502 +32
Rates $SHIP$
The sad part about this stock is it is a scam. The funny part is we're all trapped by our losses. Just be patient. It seems like DRYS is trying to buy TOPS. Why do you think they converted the preferred shares?
nice but not fore tops
they charter ships
btw even if tops did not do that
stock is scam
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