Moving the Shrimp to Fiji, if the plan works.
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I call it "facilitating the dilution"
You call it loading?
If the market is bad, it can tie up your liquidity. If the company goes BK, it stays tied up for a while.
At $2.67, the annual rate is 89.4%. Not many competitive options with that rate.
Any change of control triggers a payment scheme. Either $25 mill in cash, or stock of the acquirer.
The dividends continue to accrue until the execution date.
They can offer to buy mine at the redemption price. I won't mind. I just got a few more at $3 last week.
Each unpaid dividend is cumulative to the liquidation value, AFAIK.
True, the market doesn't like it when they can't pay.
Wasn't trading much higher when they were paying.
Last trade on Series C shares was 10% of the liquidation preference.
Market doesn't even think they can even get $3.00 out of a $25 liquidation preference.
Back on the green side of Brexit.
$CPER continuation rally.
Until they update the O/S, you can't buy much more than 1.5 million shares without filing a 13g. I guess they don't want anybody owning lots that large.
Can somebody help me out? If you are a foreign investor, and you have rule 144 shares, can you sell them to a foreign broker?
Asking for a friend.
As the one guy said, it's cheaper to ship your stuff around the world that to put it in mini storage.
Good idea. Repurpose the ships.
I only get 15 posts a day. I don't think I have enough to explain it to you. Nor do I have the time or inspiration to do so.
Try to read that slower and take in the meaning, sir.
If you're not trading other things, you have nothing to get called on. Personally, penny stocks are just a very small part of my portfolio.
And since there are probably hundreds of other people in this stock, I think there will be some margin calls.
EDIT:
I have to use my 15 posts wisely.
Sold 200 DWTI at 78.30. Already behind the curve.
Just sold my first tranche. 800 SPXU @28.80
I have no idea what I'm doing. Like a fish out of water right now.
I'm so short, the only thing I will lose tonight is sleep.
I'm going to try to make a few winks before the open.
Good Night, all.
Or they could pull an Obama, and ignore the majority to appease their social clubs.
I think you get the joke a lot better if you traded on margin, had unmarginable positions, and got a call from your broker about lack of funds.
I've been saying for months that the PE was unsustainable. Tonight, my reward is in sight. If we can make it to 5:30 AM PST.
My Broker might let me trade SPXU that early.
I am confused. I wish I could help you, but this is making me dizzy.
Nice. Tonight I'm going to party like it's 1999.
Should I set my stop at 2017?
I am thinking I'll do something silly if this sells off. I want to add a million shares at .0085
I like a post, and I go looking for the retweet button.
EDIT: I'm done posting for the day. Got my 15. just as well. Ihub drains my computer resources.
It says right in the agreement. These guys are not "affiliates"
And then they can sell those, and convert more.
Standard toxic conversion stuff. You are on IHub, buying a penny stock, and this isn't familiar to you?
I don't read every post. There are way too many, and I have a life.
He has ten trading days to act on the recent lows.
Yes. That was actually a good deal for shareholders, in some ways.
Each "conversion" wipes out substantial liability at current prices.
OTOH, I was hoping to convert closer to his $7.50 mark. He just isn't bidding them up, and th company stopped paying the coupon.
Just so you all know, one of the reasons shippers are so cheap, and going broke, is because of low commodity prices.
Copper Futures are screaming.
US Copper Fund is ticker CPER.
I'll sharpen a few pencils over the weekend and get back to you if I'm not too busy. It's tedious work. An Accountant showed me how on a Real Estate stock.
If you want to steer your course correctly, keep your eyes on the "C" Captain.
BTW, we're only talking about a few million here, and a few there. If we sharpen our pencils, we can discuss real money.
What is the liability incurred by the Class C preferred shares on the Balance Sheet?
Yes, and the true value is whatever Kyros Investments decides to put it, whenever they want to do it.
Probably not. Clever accounting practices usually exclude the liquidation value of Preferred shares. They often carry the par value on the Balance Sheet.
Worried, maybe? My tape hasn't moved in 30 minutes. If yours hasn't, then I don't need to worry about my ticker.
I'm just bored.
You do know you have to file a 13g at about 1.6 Million, unless you have other information on the O/S, right?
LOL. 23K shares to clean out the ask.
And don't forget, they authorized a buyback and the CEO is going to buy 10% of the shares.
I only picked up 300K today. Not sure I want to give up that many.
This is my 15th post today, so I'll see ya'll tommorow.
The ask was .0137. Don't see any size bidding there, so I'm not filling any.
My level 2 showed 100K on the ask, for about 2 minutes. Gone now. I think it's worth a bit more than that.
Let me know when your funds clear. I got you covered.
You just blew the opportunity for everyone.