Top Ships Inc (TOPS)

[kingsransome]

im holding a bag of a ahole company,made $$$ a few times but its not ez with this,,co,MHOP

[phase_ten]

You mean the Robinhood one? Yeah, but I hope you don’t think they mean #1 in terms of quality.

It just mentions that TOPS is the most bought shipping stock on Robinhood.

[Canadian bacon 21]

I just saw an article on yahoo finance saying this was the number 1 shipping company ?????????

[darron427]

It's called MARKER BIDDING.. Fake bidding to keep it from falling all the way back to a penny before the R.S comes.. They're TRYING to keep it at a dime so when they do the 20 or 50 or 100 to 1 split, that it'll be high enough to keep it trading for at least 10 days before it dilutes back down under a dollar.

WHY YOU ASK? Because they're about to get booted because they can't keep their trading status above a dollar long enough to be legal to trade..

SO, THE MARKER BIDS, all those TINY BIDS you see on the charts, are FAKE BIDS being used to manipulate the price..


If it goes back down to a penny BEFORE the split, they'd have to have an ENORMOUS SPLIT something like 500 or 1000 to 1 to get it into the 5 to 10 dollar range because they know people are on to this SCAM and with the RS coming, people know that it's going to DUMP LIKE CRAZY right after the R.S is finalized..

tHAT'S NOT JUST THIS COMPANY.. That's hot it works for ALL REVERSE SPLITS.. NEVER buy a stock that has annouced a REVERSE SPLIT thinking you can hold it and that it will be MORE VALUABLE than it was BEFORE the split.. It will always dump..

TAKE SHIP for EXAMPLE.. NOtice they just did one.. They went to over 2.00 about a month ago, now they're back at $1.50 ..within few more months, they'll be back at .10 likely. ITS A SCAM.. A GOVERNMENT APPROVED SCAM that is allowed to RIP OFF INVESTORS..

[Canadian bacon 21]

Good call !

[Canadian bacon 21]

Why all the 1 share action ? Does that symbolize something?

[Canadian bacon 21]

Ha ha let’s hope it is

[Lake Effect]

.1025 bottom!

[Canadian bacon 21]

What shall the world of TOPS bring today ?????

[Pstats]

This stock is bloated !! Forget about it no way is going up! Done for now !

[fnyack]

Ok, thanks.
GLTU

[EmptyBones]

They need to do R/S very soon or lose status and back to stinky pinkie

[fnyack]

Thank you so much, I will heed your advice. GLTU

[phase_ten]

TOPS’ fleet is chartered at a fixed rate. They are already overvalued at their current market cap, with practically all of their authorized shares issued.

They have been financed by their shareholders for the last 15 years. Financials have never been the problem.

They have a R/S coming between now and August 21. This will put them back in compliance and diminish their outstanding share count - which in turn allows them to start diluting again.
That’s their MO for years. It’s a scam. Don’t take my word for it, just check the charts.

If you’re hoping for a pump before the split, that’s risky on its own and highly unlikely to happen. If you’re planning to hold long term, you’re guaranteed to lose your money.
There are better, legitimate tanker companies to invest in. This isn’t one of them.

Be careful and good luck.

[fnyack]

So, get this: China's economy is supposedly back, and guess what? they’ll need to keep that engine going? they will be thirsty for Oil! and how are they getting it delivered? by ships! Go $TOPS$
Hey, are you seeing big silver coins yet? GLTU

[phase_ten]

Why? What makes you think this would go up 150%?

[fnyack]

Took a small stake 100,000 shares hoping to get to $0.25

[€LL-$G7$]

Very soon !! Garbage ownership

[fnyack]

When is the next R/S on this symbol?

[darron427]

Well not donors, but Investors..lol. Buy you may as well call yourself a donor if you get in at this point or at any point after the coming R.S. because you're going to lose your ass off if you don't get out BEFORE it happens ..

Again , Look at SHIP .. Those people have lost .50 already..

[darron427]

They're trying to keep this pump and dump over a dime so that when the next 20-30 to 1 split happens, they can get the price to stay over a dollar for at least 10 days so they don't lose their status..

Nobody with a brain is holding this stock now.. That's likely all company money from those 2 pump and dump runs they had a couple of weeks back. Once they do the NEXT R.S, they'll turn this penny stock into a 2.00 stock again and over the course of the following 2-3 months, it'll fall back to a dime again..


Just use SHIP as your example.. They did a split a couple of weeks back.. Came out at over $2.00 .. Look at them now.. Within the next couple of months, it'll be back at 10 to 12 cent which is what the true value is..

I'm not sure why the SEC allows these scams to continue ..These pump , dump and dilution , R.S scams are being used to steal from donors over and over again.. They seem to have government protection

[asus2]

dilution

[Canadian bacon 21]

Volume is great again today

[Pstats]

$TOPS adding this today. Anything under 11 is lovely entry

[LetGoodTimesRoll]

Agreed

[phase_ten]

Sorry, yeah I can give an approximation. They have to be compliant by September 7, which means the share price has to be above $1 at least ten business days prior. That means at the latest August 21 but it’ll probably be before that.

[phase_ten]

Nope

[CTscandude]

Does anyone know when the actual date of the RS is or approximately?

[Stockmarketmaker]

I must overlooked the OS as 700mil.

Thanks

[phase_ten]

Just so you know, the last time this went up anywhere near 500% in March, there were around 77 million outstanding shares. Right now, because of all the dilution through offerings, there are 996 million outstanding shares. That’s over 12x as much. The chance it’ll go up much is very small.
I personally don’t even see it reaching $0.15 before the R/S.
Just be careful.

[Stockmarketmaker]

Thank you. Yes your right about r/s. just here to make a few bucks. Sure may be a 5/6x bagger. Definitely dont mind pulling plug at 3/4x.

In These rough times we all going through little take in is better than minus take in.

GL

[phase_ten]

Yeah, you should really check out the float difference between then and now. Also there is a R/S on the way so holding too long is very risky.
Good luck!

[Stockmarketmaker]

Yes ;)

Glta

[phase_ten]

5x/6x huh? Based on previous spikes I assume?

[Stockmarketmaker]

Well had to buy in this morning. In with 45000 at .1124 see a easy 5x/6x bagger here for short term.

[darron427]

Exactly what it is. They're trying to keep it from completely tanking before the R.S.. If it drops to say .05 , they'd have to do a 20 x 1 split to just get TO a dollar and that wouldn't help them at all..

Meaning to maintain a dolar for 10 days or more and people know that they're a R.S king and diluting machine, they'd have to do at least a 30 or 40 X 1 R.S to make sure they can maintain that minimun or they would get REVOKED.

. They're pros at manipulating the price and trading now.. They've done it so many times, they know what's going to happen before it even does..

[MD3]

Don't think they care. In 2017 they had 4 RS back to back. The OS is around 1B right now, they'll likely want a large RS ratio to shrink it down enough to be able to dilute another 1B shares. If I remember correctly, when the mentioned the RS ratio they also requested 1B Authorized shares

[Canadian bacon 21]

Wow great start to the day !!

[Timetravelerdos]

How is tops? Not back up to .90? Not a real stock? Looks like tops is not tops. Just a scam !

[GolfFishSurf]

I may be wrong, but I thought I read in one of the reports/filings that the Reverse could be anywhere from 1-for-2 up to 1-for-25...... so, it would be in their best interest to keep the SP at least around $0.10.... otherwise, they certainly would not hold past the dollar mark for 10 consecutive days right after the R/S.

[darron427]

This thing is a shit pile. Worse investment since the titanic. Greek myth ..Once this next R.S is annouced publicly , it really might be a nickle or less again just like the guy posted a couple of weeks back.. I hate to say it but I think he was right..

If they do announce another R.S which sounds like they're already in the process of, it will tank down to AT LEAST nickle most likely BEFORE the R.S and then they'll probably try to trade you 40 or 50 to 1 this time just to get it back to the $2.00 range to keep it trading long enough to keep their OTC / trading status..

SHIT PILe.. SCAMMERS ..

[Deadpool05]

Hey pstats just becareful... they seem to be having offerings just about every week... sold my for a loss and hope to make it up somewhere else... but just becareful with this one.

[Pstats]

$TOPS AND $ZOM buying at low

[Pstats]

Whose not loading at TOPS at .1 ? Crazy!!

[macdwatcher1]

TOPS and all the Greece based shipping companies listed on NASDAQ exchanged all have the same foreign copkbthe books accounting taking place. These Greek shipping companies should not be allowed to trade on a United States stock exchange. They all use reverse splits and other accounting fraud

[phase_ten]

Yeah, that’s the way it is. I have learned more from the stock market by losing money than making it. It’s part of the trade. I was invested in this company when I first started trading. I took a relatively small loss but I have learned so much from it in return. Small price to pay in the end.

Bottom line is this: everyone has their own agenda. From pumpers/bulls and shorts/bears to the companies themselves. Don’t trust anyone. Do your DD (if one doesn’t know how, learn) and invest according to your own risk tolerance. It’s ok to lose as long as you learn from it. Those are the most valuable lessons I’ve learned.

[darron427]

And I know that also, but it's not like theres a book you can but that contains all the history of a company and a lot of people, in sure, wouldn't know how to start to figure out how to find all this dirt in their closets.

A lot of people really dont understand that the majority of these low range stocks and companies are shit piles who will do anything for money. They likely believe since the government Is allowing them to operate and giving them the ability, that they are legally bound to act in good faith.

Apparently theres no protection for investors from predators. Theyre just like "" well you knew they were crooked. It's your fault because you LET them steal your money".

[darron427]

Oh I get what you're saying too. No matter what the so called law says, Its crooked as hell. There's got to be limitations. That's my problem with it. I can understand the law allowing it , I guess, maybe once every several years but this is clearly abuse and intentional defrauding of investors by abusing th he system. Only a crooked official and compromised system would allow this non-stop fraud to continue

[phase_ten]

Also, when I said you shouldn’t invest without doing your DD, I didn’t mean you personally. I meant people in general.

[phase_ten]

Don’t misunderstand, I’m with you on this one. It is a scam. I’m just saying that legally they’re apparently not doing anything wrong. They were charged for the exact thing you’re complaining about and the case was dismissed. It’s all in their filings, people either don’t read it or choose to ignore it.