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The only real climb will happen in the unlikely event if Tops decides to cancel the RS, cancel conversion of warrants and cancel the Crede offering, but do you really think that pistiolis would leave so much free money on the table and walk away from it?
Follow the board and you will find out.
I totally agree you have to be fast to make a profit here, experienced traders made good money with Tops ridding it to $3.50 and down to current levels. Good traders made money both ways, if you pay attention to this board you will see that some familiar names show up on the board when the opportunity arises and then disappear quickly when things fade out.
I have $15k tied up with NEWC and honestly the only fact that gives me some hope is the experience with PHOT when it was kicked to the gray market and one of its officers went to prison for fraud. But amazingly Phot came back to trade on OTC with unbelievable spike in share price. I don’t know if Mr. Campo would be able to do what Phot did, but if he dose we will be recovering our money with some profit too, but only time can tell that.
20 million new shares hit the market in less than two week but It’s amazing that some closed their eyes and pretended that yesterday’s filling non existent.
OS must have gone up by another 8-10 million shares. Tops and Crede will not leave money on the table.
I was hoping for it to go above $1 so I can short it but didn’t happen.
The quick rise and fall of Tops must have created a new army of bag holders!
Your calculation to compare Tops with Drys in terms of valuation is totally wrong for many reasons.
1-Drys is a much bigger shipping company than tops.
3-Drys is not selling shares anymore while Tops is selling shares for deep discount to market price.
3-Drys is paying dividends and Tops isn’t.
4- soon Tops will do another reverse split, but drys is not.
Please don’t pretend that you don’t know, these are pistiolis’s private companies not institutions. And don’t ask who pistiolis is, because will be really sad.
I’m not short but if I were I would have not covered now since the new Filling shows the OS over 47 plus millions, and that’s plenty of cheap shares to be covered before the next RS. I apologize for my previous post that i mistakenly said new OS was 43 plus millions. The new filling below tells a different sad story.
Race Navigation may be deemed to beneficially own 10,737,514 Common Shares, representing approximately 22.8% of the outstanding Common Shares. This percentage ownership is based on 47,072,312 Common Shares outstanding, which is calculated for this Schedule 13D/A purposes by taking the sum of (i) 36,334,812 Common Shares outstanding and (ii) 10,737,500 Common Shares issuable upon the exercise of all of the 1,250,000 Warrants currently held by Race Navigation. Race Navigation has the sole power to vote or direct the vote of 0 Common Shares and the shared power to vote or direct the vote of 10,737,514 Common Shares. Race Navigation has the sole power to dispose or direct the disposition of 0 Common Shares and the shared power to dispose or direct the disposition of 10,737,514 Common Shares.
Those big ask bids could be new short positions because some may anticipate a big drop tomorrow. This stock went up with DCIX now it’s going down with it.
Tops new OS, 43 plus millions.
The share count at November 16th, not the share count at the end of Q3, will be the most important number in the earnings release. Due to the imminent close of the sale of 7 vessels, most of DCIX's should be categorized as discontinued operations and the earnings will be somewhat irrelevant.
Seeking Alpha
More carrots for the trapped and late arrivals.
Good luck I just hope you don’t end up losing $18000 like I did.
Diana Containerships Inc.: Sugar Buzz Wears Off As Earnings Release Approaches $DCIXhttp://www.seekingalpha.com/article/4125256
So it’s the Diana Containerships false hope of spiking is the new dangling Carrots? Lol
Some ties up their hops with Diana’s earnings but the reality will be very different:
Diana Containerships Inc.: Sugar Buzz Wears Off As Earnings Release Approaches $DCIXhttp://www.seekingalpha.com/article/4125256
Or may be they meant $7500 lol
Stock promotion at its best, it just can’t get funnier than this, tops rated a buy with price target $750 lol
It’s Crede selling to the bid and they are making a whopping 0.14/share.
Another $17.6 worth of unlimited shares to be converted and sold to Crede for 91% discount to market price of any trading day, so you are very limited to compete with Crede. Crede and Tops will emerge as winners and the retail trader who got caught in between the spike and drop is the loser who will be remembering this for years to come.
Do have the power to stop dilution or persuade Tops to stop selling to Crede for 91% discount to market price? If yes then everyone should hold to their shares and buy more, maybe they should mortgage their houses to get extra funds to buy even more Tops shares?
Crede’s discount is 91% to market price and you just can’t beat that!
Shorts will never run out of unlimited shares, just wait to see the next filling.
When pistiolis is done with this offering he will go for the next one, after all it’s so easy for Greeks to pick American $ off the table.
Crede already sold those shares for 3X profit to retail. Another $17 plus million worth of shares is remaining to be sold.
Read the filling
Crede is buying Tops for 0.40/share, also they can get Tops for up to 91% discount to market price if the price falls further.
Why shorts cover when there is so much shares available?
As of the date hereof, up to $17.6 million worth of shares is remaining that the Company may sell pursuant to the Purchase Agreement.
The Company announced today it has issued and sold 11,797,500 common shares par value $0.01 per share pursuant to its previously announced purchase agreement by and among the Company and Crede CG III, Ltd. dated November 7, 2017 (the "Purchase Agreement"). Mainly as a result of these issuances the Company currently has issued and outstanding 28,900,562 shares. As of the date hereof, up to $17.6 million worth of shares is remaining that the Company may sell pursuant to the Purchase Agreement.
Good luck believing that, but in reality it’s called dilution and killing share holder value.
The Company announced today it has issued and sold 11,797,500 common shares par value $0.01 per share pursuant to its previously announced purchase agreement by and among the Company and Crede CG III, Ltd. dated November 7, 2017 (the "Purchase Agreement"). Mainly as a result of these issuances the Company currently has issued and outstanding 28,900,562 shares. As of the date hereof, up to $17.6 million worth of shares is remaining that the Company may sell pursuant to the Purchase Agreement.
The Company announced today it has issued and sold 11,797,500 common shares par value $0.01 per share pursuant to its previously announced purchase agreement by and among the Company and Crede CG III, Ltd. dated November 7, 2017 (the "Purchase Agreement"). Mainly as a result of these issuances the Company currently has issued and outstanding 28,900,562 shares. As of the date hereof, up to $17.6 million worth of shares is remaining that the Company may sell pursuant to the Purchase Agreement.
According to Kurt B. Feierabend of seeking alpha, crede’s cost to buy each share will be 0.40/share. And tops may have already sold up to 100 million shares to Crede.
Please stop luring people into this scam, I? lost a fortune and I’m sure there are many more like me.
Read the article below and decide for yourself.
TOP Ships Announces $25M Financing $TOPS
http://www.seekingalpha.com/article/4122857http://www.seekingalpha.com/article/4122857