Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
KS made contact few days back, but they are not revealing anything. Robert is out, Dan is managing. I suspect some kind of ownership change. Lets see
It will steadily consolidate to 1c very soon...............
We will have more action here coming soon. NOt done yet.................
Last weeks action suggests there are some major activities in progress. Some accumulation prior to a big event.
I suspect there is going to be some sort of ownership change that will happen shortly.
Please do not buy or sell based on my comments. Everything is a speculation till an announcement happens and we know Daniel does not make one easily.
Lets see how this plays out next two weeks.
Watch out for ECGR break out beyond a penny next week.
Things are looking really good here for next two weeks. May be some announcment is on the way.......... NITE is adding.......... will go up to 10c very soon.
Big action coming in next two weeks...............
This will make huge run as the real estate market starts to pick up....... as the market improves.NITE holding so much I have no doubts of the potential here.........
I am still holding for anyone that thinks I am out.........
Will be 50 c in no time............
SHORT SQUEEZE>>>>>>>>>>>>>>>>>>>>>>>>
271m is a game changer here. Once MF's open their tap today, shorts are dead............
Today will be very very long day for shorts.............
217 Million SHORT
Tuesday February 17, 2009 20 Min Delayed
Short Quote™
Enter Symbol:
Sirius Xm Radio Inc. $ 0.11
SIRI 0.03
Short Interest (Shares Short) 271,931,400
Days To Cover (Short Interest Ratio) 11.0
Short Percent of Float 7.86 %
Short Interest - Prior 219,626,600
Short % Increase / Decrease 23.82 %
Short Squeeze Ranking™ -84
% From 52-Wk High ($ 3.89 ) -3604.76 %
% From 52-Wk Low ($ 0.05 ) 50.48 %
% From 200-Day MA ($ 0.55 ) -423.81 %
% From 50-Day MA ($ 0.12 ) -14.29 %
Price % Change (52-Week) -96.70 %
Shares Float 3,460,000,000
Total Shares Outstanding 3,513,400,974
% Owned by Insiders 1.50 %
% Owned by Institutions 36.10 %
Market Cap. $ 368,555,762
Trading Volume - Today 263,495,557
Trading Volume - Average 24,670,600
Trading Volume - Today vs. Average 1068.05 %
Earnings Per Share -2.18
PE Ratio
Record Date 2009-FebA
Sector Services
Industry Broadcasting - Radio
Exchange NAS
Data Provided Without Warranty
No questions about 50c. $ 1.00 a possiblity with the huge number of shorts.
This will be the Mother of all BOTTOM bouncers
Keep it quiet, my friend. Quieter it is better you will enjoy the ride.
Seems like it is going to be big based on MF buying on Friday.
100 year OLD GM story ending next week. NO option But BK with UAW walking out and GM demanding another 5 B above and over the 14B demanded earlier just to survive one quarter..........Wiriting is on the wall.
Dow will hit 5000 soon.
I too have spoken to Mr Browning at least on two occasions in the past 1 year. As you said he is a very ethical person and a very sucessful businessman.
He also used to work with a huge investment bank in the past......
EPCG is getting ready for a big big run in very few days..........
Ready to Pop tommorrow. $ 2 Billion sale is really good.
looking really good for a major run. Have been in this for over a year
Yep. I saw that and decide to cover 20 minutes before close. some news might be expected. If no news tommorrow morning, i will short it again.
This one might surprise in a few days time. Circuit city brand will be brought out by someone and a deal for Canadian operations will come sooner before the economy picks up. Retail sector already showing signs of improvement.
I do not have a position here any more, but will b e closely watcing for any developments.If it crosses 0.0125 this will really get interesting with the first news.
Might close above 1c today . Something defenitely seems to be in works. Will load some tommorrow if things are going right ...........Once it crosses 0.0125 it may make a nice run
It seems like some news is on the way........
HAYZ accumulation complete. looking for a nice run. Keep an eye next few days. GL
They generated this news without signing an agreement with the bank. Only reason was to pump and facilitate ML selling the 120 M shares. Once they have sold all shares they will drop it so bad that most retail investors will loose their ass. This is not going anywhere till we fill both the gaps and stabilize around $ 2-$ 3 for few weeks.
More bad news coming soon as soon as ML completes the selling. As for me right now I am happily shorting . Tommorrow again they will open high and then continue to go down after poor retailers will buy high during pre market
February 3, 2009 ATHENS, GREECE - DryShips Inc. (NASDAQ: DRYS), a global provider of marine transportation services for drybulk cargoes and off-shore contract drilling oil services, announced today that it has reached an in principle agreement with Piraeus Bank, one of its largest lenders, to restructure its two loan facilities in the original aggregate principal amount of $220.0 million with current outstanding $164.9 million.
As part of the restructuring, caused in large part by the failure of certain buyers to conclude the agreed purchase of three vessels, the basic terms will provide for: (1) a waiver regarding financial and asset coverage covenants through January 1, 2011; (2) an increased applicable margin; (3) an amendment fee; (4) rescheduling the loan principal amortization by reducing the principal repayments by about 47% and 21% in 2009 and 2010, respectively, and reducing the tenor of the loan. The agreement is preliminary and is subject to execution of definitive documents, providing, inter alia, for substantial reduction of the loan should the three vessels be disposed, and formal approval by Piraeus Bank’s Credit Committee.
Market Scan
OceanFreight's Firesale
Ruthie Ackerman, 02.02.09, 07:20 PM EST
Shipowner plans dilutive stock placement to pay off a debt to chairman's uncle's company.
There’s more trouble in Economou-land and this time it seems to be billionaire shipping tycoon George Economou’s nephew that is taking the plunge.
On Monday ship owner OceanFreight (nasdaq: OCNF - news - people ), which is run by Economou’s nephew Antonios Kandylidis, announced in a filing with the Securities and Exchange Commission it is entering a purchase agreement with U.S.-based investment fund YA Global to sell up to $147.9 million of shares of the company over two years. (See "Curious George.") YA Global is a special-purpose vehicle, but it is unclear who owns it or if it is associated with Economou. OceanFreight’s spokesperson did not return calls seeking comment.
Investors seemed concerned. Shares in Economou's DryShips plummeted 26.2%, or $1.74, to $4.89 on Monday, while OceanFreight tumbled 17.1%, or 60 cents, to $2.92.
The price tag on the shares being sold to YA Global will be based on the daily average on the Nasdaq for the day of the sale minus a 1.5% discount. OceanFreight warned that if it sells all $147.9 million shares the number of outstanding shares could triple, diluting current shareholders significantly. After Monday's stock-price decline, it's more like quadruple from the current 16.4 million shares.The filing also acknowledges that OceanFreight could sell an additional 6.5 million shares to Cardiff Marine, Economou’s private shipping company.
The interesting part is what OceanFreight plans to do with the money: The company plans to repay the $25.0 million debt related to the acquisition of the Tamara and the Tigani, two tankers sold to OceanFreight by Cardiff in October 2008. Once Economou’s paid up, any remaining proceeds will be used for capital expenditures, working capital, and vessel acquisitions. Yet when the tankers were first purchased the $25.0 million debt didn’t have to be paid back until April 2010. It’s unclear why the maturity would have changed in the interim.
One thing seems to be certain: Whenever Economou is involved shareholders seem to get stuck with the bill. (See "DryShips Drowns Investors." and "Economou-nics Drags Down Investors.")
Speculation is swirling that OceanFreight had to raise the money fast so it could repay Cardiff, signaling Cardiff may be in more trouble than investors expected – a bad sign since Cardiff is the fleet manager for both OceanFreight and DryShips (nasdaq: DRYS - news - people ).
OceanFreight added that because the drybulk market is under water, it will not reinstate its dividend until its Nordea Bank credit facility matures in Oct. 2015. The Nordea facility restricts the payout of dividends and OceanFreight expects that even if the dividend is reinstated it would be greatly reduced
EVEN WITH THE SHAK UP TOWARDS THE END, IT STILL LOOKS VERY GOOD FOR A NICE RUN
MM's keeping at the same level and selling more shares. Will tumble suddenly.It is just a matter of time.
I will short more tommorrow. My traget is to short it till $ 3.00.
Watch out for a big drop towards close
Braze yourself for the drop towards close.
DRYS ready for another round of shorting, in my opinion.
Will open below $ 4.5 tommorrow.
Get ready to buy with both hands below $ 1.00
HAYZ is technically all set for a nice run upto 25-30c for sure and may be beyond too. Too much revenues to ignore a big run
HAYZ is ready to break out............