Moving the Shrimp to Fiji, if the plan works.
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I continue to assume the latter until proven otherwise.
You gonna let the newbs make all of the money? Fine with me.
I think the term of the agreement say "on terms suitable for the company and the investor" Fails to mention any suitability to shorts and Market Makers.
Call it a cash deal for 20% of the company (r less), and we're much better off.
By this time, they should have a standard non-answer, and even a recording.
To hear this non-message message again, please press 4.
You seem to be suggesting that not only do they give you the runaround, but they teach you how to give it to others.
Seems odd that any company could mail shareholder communications or dividends without an accurate list of shareholders.
Isn't that the TA's job? They have to get updates on every settlement. Maybe they misplaced their access codes? Maybe they are working too hard?
I'm all ears on the reasons. Maybe I'll call?
Yes, you would think that some of the big dogs are looking them over. OTOH, they could be hanging around the courthouse, waiting for the right company to go belly up so they can effectively steal ships.
You're almost right. Book Value isn't always important. As I said, you can make adjustments to suit your own investment style. The ships are gaining in age, etc.
Did you take a look at the BDIY?
http://www.bloomberg.com/quote/BDIY:IND
Rates are going up. Maybe they can keep the lights on?
I think it's already here. Even if they dilute to 200 million shares, there is still more than a penny in "book value"
You do have to make some adjustments in consideration of the container shipping market. You might want to look at the Baltic Dry Index, and have a dynamic adjustment model.
Why is that? I know some of them don't do email. Is that it?
I want the O/S and the number of Class C converted.
Your opinions/guesses aren't what I'm looking for. I am looking for transparency as I said.
The problem arises...
When the CEO starts using the market as your cash cow, he needs to relentlessly promote the stock, or it will fall by gravity alone.
I not only want to know how much they are diluting, but I want to know how, considering the terms of the agreements and Rule 144.
Don't you love the transparency of such an honest management team?>
So every time you see "days to cover" on Yahoo! it was Elben?
I wonder who is "being paid" to say differently?
I'm up to 1.1 Buying and selling for longer than I care to admit.
I picked up 100K at .0062 this Morning.
I'm calling this the bottom, until the next bottom.
I can't get to the portal. What does the crystal ball say? Is there a number with all of that?
https://www.otcbb.com/asp/OTCE_Short_Interest.asp
My browser won't go there.
Loading the dips would be a lot more fun if they had bounces.
The recent report from Lloyd's, and the surge in the Baltic Dry would indicate the business could finally turn.
Still need some transparency from management on the O/S. The way it's been trading, a daily update might be required
I only got 83,721. Darn it.
BTW, the dilution is at 65% of the lowest 21 day VWAP on the day the conversion is requested, not on the date of the aggreement.
They are diluting at current prices, not prices that are 120 days old.
Capiche?
Also, my 15 are gone. I can't post again until midnight.
Actually, I think it was done to strike fear into Magna and the C holders, but that strategy might be a little too deep.
The CEO has the option to renegotiate the note. We should see his real mettle before mid October.
Did I say he was? No, I said he signed off on the note, and most people tend to believe he will do it again, and leave with a golden parachute, and plenty of expensive hookers.
Doesn't matter when you got in. Saying he's a "good CEO" goes against the grain.
A $250 K note wouldn't be a problem if it wasn't a convertible.
The math isn't that complicated. At .007 per share, that's 35 million shares.
Your "good CEO" signed away the company to Vulture Capitalists about 90 days ago.
Would be better if somebody kept slapping the ask, and he chased it.
He could have shorted higher, and decided to cover for $$.
Or he wants to cover his short.
That only works when you have the Justice Department in your back pocket.
I don't know if anyone here has enough yet, but it would be nice to see a few filings show up.
I think I would file the 13d, and let the management know what I think.
Again, AFAIK, the filing requires observing the "most recently published" information. When it comes to following the federal laws, I would rather be safe than in prison for guessing incorrectly.
IDK, really. It's just something I read. 90 days, or what? If it goes over a penny soon, they probably won't delist.
It's worth a lot more, but some people get scared by RS and/or dilution, without knowing anything about it.
One who isn't very bright at mathematics? What is 5% of the last reported number of outstanding shares?
Are you trying to say the O/S is over 60 million shares? Please, enlighten us.
Of course, you could instead file a 13D, and tell us all what you intend to do with your influence on company decisions.
I've acquired more than 20% of a company, and my broker never said a damn thing.
After I filed, I was put on a FINRA list, but I don't even know if that was a related addition. They never said anything to that effect.
At this point, it seems he needs an RS to stay on the QX. Rumor has it that the minimum bid is 1 penny. If true, he will receive a listing notice soon.
I hope you big buyers are considering the filing of a 13g. Until the company publishes a larger OS, you are obligated to file if you own more than 1.57 million shares, unless you are a MM in bona fide MM activity.
That's juicy enough news for me.
The majority of "dilution" should be coming from Magna, but it's not really dilution. Magna was "contracted" to convert the Class C shares, and reduce the dividend obligations, so to speak. Of course they are selling the shares. They got them for 60% of the lowest bid.
As I see it, Kyros dilution doesn't "legally" start until early October. Renegotiate. Give them 20% of the company. Stock zooms to 50 cents.
"Wishful Thinking" LOL.