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And early next week we get the dividend scramble:
*Shorts wanting to buy to avoid paying the dividend
*longs wanting to buy to get the dividend
That would be a hoot (and worth the years of pain), as I picked up a bunch at .00005 quite some time ago.)
If Yorkville would just get out of the way and let it run(it would actually help them).
Hey claw, what's up with the NEOM lawsuit?
lesnshawn: Are you watching this volume increase?
It seems some are believing you.
No volume. Dilution will continue for another 8-9 days at this rate.
That would be nice, but I wouldn't mortgage my house on it. I still have my shares.
I will watch the volume. That will tell me.
I hope I have the patience to wait.
That was my goal when I sold at $3.55.
Anybody else get as close as I did? I predicted $76m left at 3pm. (See the post I am responding to.)
PR says $70m
The bulls fought a good fight today but were overcome by dilution. $76m left imo.
There has already been one this year.
By my numbers, we are halfway through the Kalani $200m.
Today's dividend: They should have said "Thanks for the steak, here's a carrot."
The Benzinga PR used an old share count. If we use the proper 59m from Friday 6k, the dividend is 4 cents per share. The dividend per share is worth less and less as the share count rises.
PR was just another trick to get shareholders to buy so they can unload more shares.
Tricky times to buy under $2, knowing it's getting close to that level where the Board has to decide whether to r/s in order keep it above $1.
You can count on him to dilute the $200m to take advantage of other distressed ship sales, like the S. Korea bankruptcy.
You are forgetting that the market makers and foreigners can naked short at will without paying shorting fees.
PIPEs don't have to worry about "falling" for anything. They give money for shares, exchange their shorted shares for the new shares and pocket the difference. A no-lose situation for them.
The thing that you have to worry about is a bulk share buy/sell deal with a 3rd party investor, which would absorb the last remaining shares quickly.
Yes. I am guesstimating they retrieved $40m from Kalani this week, with $160m left to get.
Not even close to being done. 20% or less of shares traded are Kalani related.
I expect that filing next week.
I follow DHT a little and I don't see VLCC and Aframax improving until next year.(But stock prices could improve later this year in anticipation).
DRYS numbers will definitely improve over time. That is not the issue now. The issue now is "will he continue diluting shareholders with Kalani deals and when will he quit?"
Buying ships when they can't even keep the present ships busy.
Today's news makes it look like he plans on buying more ships, which means he will do more deals with Kalani. Where does it end?
The wording is exactly like the previous prospectus on s18.
Netman, drys move was sure different than what you were thinking. I liked your idea better.
Where can I see how it is trading in Germany?
Did a surprise come last time? No. The odds are not in long's favor.
Yes, but to open an account you need $100,000.
Interactive brokers have plenty of shares to short. But I don't short.
Not proud of my loss but I know there is a lot more downside, so I will watch and wait.
$3.35-$3.38.
I sold 22,000 shares Friday after hours through TDAmer
That's only if they could sell them at the present price. Dilution will drive the price down just like last time. It wouldn't surprise me if the share count ended up around 150 m or more.
My thinking too. Which means they will dilute for that $200 m as soon as possible.