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That's all behind them now. Now moving forward, this company amended their debt, which looks like it happened in their favor. The SP is way in oversold territory, before the company got delisted most of the shareholders bailed. This has the potential of going to 0.30-0.50 short to mid-term and if you are not on the train then you will be missing the ride. There is enormous value here and either you don't see because you can't see the writing on the wall, or it's just your scare tactics to get cheaper shares. This could be beer and pizza money for you, as you claim, but to some there is some serious dough. I would suggest either you jump on the train, or if you say something, make a solid post to back up your opinion. No lame excuses, sub penny for a reason, or the ships are leased, which you agreed that was a mistake from your part, simply because you couldn't tell difference between an employment contract or a lease contract. More importantly, if you are a short, which I highly doubt because only an individual with a low IQ would short this, I would strongly encourage you or anyone who is thinking about shorting this to jump to the other side of the fence because this could gain 1000% in one day alone and have multiple day runs. This is no ordinary penny stock.
Now, with that news, I don't know how long they have before they can agree or disagree on the terms. It can be anywhere between 72 hours to 30 days before one can rescind the contract.
Once those agreements with the lenders are signed, this will easily shoot for the ranges of 0.30-0.50 on multiple day runs, then the next catalyst will be earnings report for the 1st quarter of 2016. I believe the earnings report is good and I think the lenders knew that already and that is why they decided to extend the payments till the 2nd quarter of 2017.
Your posts are nonsense, you stated in your post with a link to BOX SHIPS website that they are leasing these ships, so I am telling you that your information is misleading, either you are liar or just a troll with an agenda. These ships are owned by the company they "ACQUIRED" them not "LEASED" them, the company then contracts it out to container companies. The link you provided clearly states that "EMPLOYMENT" in case you couldn't comprehend that. Thanks for acknowledging your mistake, I'll give you credit for at least acknowledging.
Don't post misleading information, that's how long they are contracted for. TEUFF owns all of them, they owe on them (liabilities) are part of it, but your post is very inadequate, what you posted is, how long they are contracted for and I am sure they will all get new contracts soon. Better try next time.
You haven't seen them now and neither have I, but it is what it is. It's a cyclical business, when times were good they were doing exceptionally well and those times will repeat itself (history always repeats itself). That's not the point, the point is the valuation here is enormous and the fact that two major banks were lenient about their loan repayment, says a lot. There is tremendous valuation here, I am baffled of where the SP is right now, I tried to dig as much information as I can and I am convinced that there is much upside with this. I been trading since 1986, I have not seen a discrepancy in valuation during my time trading or investing and mind you, I am 80% investor and 20% trader, so this kinds of fall in between. This is not DRYS, infamous GEORGE that likes to bilk every investor in it's path.
Don't sweat it, you can flip all you want for beer and pizza money, while I make thousand upon thousand of dollars. This is not a pump, I been in this sector since the early to mid 2000's when the sector was really hot, not worried, it's a cyclical business, they are due for a major correction and those banks that are giving them till 2017 to pay back the loans already know that and by that time this will be in dollars. Mark this post for your future reference. Remember, this is not a shell, this not a start up, this is most definitely not a pump and dump, this has a real business with real income and assets, with huge banks that are willing to cooperated with them, just based on their assets alone. This is a value play.
Yeah me too. Monday is going to be major gapper, if for some reason it opens below 0.015 then I could possibly add, these prices won't last long.
He is in for some beer and pizza money, according to him, he wants to get in cheap for a flip. He doesn't realize, come Monday this will leave in the behind for a monstrous ride to the North.
eengh, wrong...Lol. Better luck next time.
LOL...I would like to keep this under the radar still so that I can accumulate at these prices. But, I don't think that will be the case, since still on #3 breakout boards. But a minuscule of just 30 followers would probably still keep this under the radar, I hope. I haven't told anyone yet, if I did, this would be trading at 0.05 just tomorrow, I would want this still under the radar for another few days before I can actually see the pattern and consider accumulating. I just discovered this yesterday and I am not penny trader, I trade the big boards, but there is enormous upside on this little baby.
On another note, are you a chick?
Now we are on the same page. The only contrast I see between your post and my theory for the RS to work is 0.30-0.50 share price for a viable RS and that is if they do a 1:10. I think the action yesterday was a pure manipulation, we will see 0.10 by end of next week, until the announcement and signing on the agreement and after that we will see 0.20-0.30 possibly even 0.50.
That's exactly what I was thinking too, this need to trade somewhere between 0.30-0.50 before an actual RS takes place in order for it be bounded for Nasdaq and I personally don't think it will be more than a 1:10 reverse split if even that takes place. Let me know, what you think of the link that is below, if you haven't looked into it already.
http://seekingalpha.com/instablog/486240-parri-passu-analysis/4863677-recent-deal-bolsters-box-ships-common-and-preferred-shares
I personally see this open anywhere between 0.015-0.02, I don't want to see that though because I want to add to my core, this is not a fly by, this is going to be a huge momentum going forward for multiple days. I think will will see 0.10 by end of the week, if not possibly more. This needs strong hands going in and locking that float, of-course there would be flippers along the way. But if we get 40% of strong hands locking the float, this could realistically register 500-1000% in one day alone. The news on Friday hasn't been digested yet. I traded a ticker on the big boards, with almost the same kind of news, it registered a 500% increase in share price in one day alone, of-course the float was only little over a million and it was trading at $1.00 plus before the spike, but this ticker is at literally 0.01, we need huge volume and if we see that, there is the potential of 500% in one day alone and potentially going much higher if the momentum continues once peeps see the real value. This is a value play.
Zaadx, I'll give you a hint, it's a shipping business, it's a legitimate operation with millions and millions in revenues and the share holders equity at this very moment is laughable, it should be trading for at least a 6 million market cap and right now it's at 300,000 market cap. More importantly it's not a pump and dump, used to be traded on NYSE. Once you figured it out, let me know and I will tell you yes or no.
Give or take $60,000 + was traded in this ticker yesterday. Going forward, we need at least that kind of volume everyday for the next couple of weeks for the next catalyst or huge volume spike with strong hands to lock the float, I mean a 10-20 million share, which 50-60% of that will be for in and out flippers and the the rest strong hands holding for a big payday, such as myself. If the price holds going into Monday, which I highly doubt, but hope it doesn't go up significantly because I intend to add another 100,000 shares. I will have to see the action, to justify my move.
Although, I give them credit for making chump change, I am not in it to chump change, I am in it until we can break 0.50, then I will trim it down. I am just hoping it doesn't go up significantly because I plan on adding another 100,000 to my core anything under 0.015. This is so unbelievably undervalued, it baffles me. This is due for a monster move, the news hasn't been digested with the real investors traders, we need at least half million dollars in trade action and this will move 500-1000% in one day alone and the momentum will continue for multiple days because this is not an ordinary pink stock, this was trading on NYSE, there is monster upside potential for this ticker. One would have to do their DD to understand that this is no ORDINARY penny stock, THIS IS NOT A STARTUP, THIS IS NOT A SHELL, THIS NOT PENNY STOCK WITH OVER A BILLION OS/AS, THIS IS NOT A SCAM, THIS IS NOT STOCK PROMOTION, THIS IS NOT A PUMP AND DUMP, THIS IS A LEGITIMATE OPERATING CARGO SHIPPING BUSINESS THAT USED TO BE TRADED ON NYSE, MARKET CAP IS LAUGHABLE $300,000.
I love the story here, don't get me wrong. I bought 70,000 shares just yesterday at 0.013, but looking at the 6k on OTC, it looks like they approved the reverse split, somewhere between 1:2 and 1:50, either way it doesn't look like it will happen with anything over 1:10 because the OS is already low and more importantly not at these price levels, now if this thing goes to 0.50 I can see a possibility of 1:5 or 1:10. Also, there is some kind of role that Magna Equities is playing with this company, something along the line of a loan in exchange for the equities at much lower prices and that is why the SP has been hammered. This stock was all over the chart yesterday (volatile) and I wondered if there is some kind of conversion going on, or just a simple manipulation by MM's get rid of weak hands. Either way, there is no justification of where it's trading now. Am I missing something here?
Has anybody thought about the reverse split that is in process? They want to do this for Nasdaq bound.
Very good Stockgringo, now for the 1st time you are starting to make sense. Didn't like you before, but now I am starting to like you.
Hittin, don't have PM anymore, don't need it. That ticker has a FDA decision by the end of the year, if and when they get the approval, this is will be 5 billion dollar stock, mid-long term. Big money is in it, as they say, follow big money. I am not in yet, just watching and I will start buying sometime next weak into weakness. Just buy 200-300 share, believe me it will go along way, as for me, I am gonna buy 1500 shares, if it goes below 6 then I will add another 500 shares. I am a big board guy, I have patience that's where I belong, most of my stocks are above $5.00, however I invested in a penny stock today, that could potentially give me a ROI of at least 1000%. Book value is at 2.95 and it's trading at 0.01, couldn't believe what I saw, it's being manipulated big time tough. More importantly, I look into value and fundematals of companies, I don't invest on hype, remember this, I am 80% investor and 20% trader, I look into value of stocks, if they are undervalued, I will strongly consider them, that's where I am always ahead of day traders. The ticker you are talking about is not a quick get rich scenario, you have to understand that, although it's a speculative investment, but at least you know, big money is in it, so your investment is much safer than penny stocks. Good luck and let me know if you have any questions.
LMOF, traded 100% positive territory, now we are down 102%. It doesn't cease to amaze me how market makers are really working this.
Only just about 100k left for the 0.03. Can't believe the sporadic movement on this thing. It's thin plus or minus a few flippers for beer and pizza money.
This baby is all over the place. I am thinking maybe it's being manipulated by MM's, they know the potential value here. Serious accumulation going on here.
Whatever it is we'll find out soon enough.
No one knows the power of the Greeks, this is destined to make a trip to the 50's pretty soon. Can't believe peeps sell for beer and pizza money, where the potential here is enormous.
It's being manipulated big time. This is the open market buys the CEO is placing. Get ready for a monster move next week.
I'm baffled, this is a hidden gem. Next week I'll will add another 100,000 share. This is going to be a monster. Especially, when they are going to buy back shares at market.
From your lips to God's ear.
Of-course they are. This will make history, as one of the best penny stocks for 2016. Mark it.
Seeking Alpha stated in a report last year, that is worth $2.95 based on net asset value. Oh man!!! Oh man!!! This thing is primed to go parabolic, I think next week is the day. There is going to be a day, which will register 5000% and the momentum will continue for multiple days, unbelievable how much value this has and yet still trading at 0.01.
Level 2 CSTI gets taken out for 0.185 500,000 shares it will immediately fly to 0.07.
I hardly ever trade penny stocks, this is by far the best one I have seen. I'll say it as it is, this should be easily trading in the 50's until further developments. I cannot believe how undervalued this thing is, loaded this morning, couldn't resist it. Really, really can't say enough. This will fly to the moon, sooner than later, extremely undervalued.
What will it take to drop the "Q" and how much were they making before they ceased their operations? That's what I want to know, that's where I would consider if there is any value here based on your projections. I saw your DD, just want to justify, when you compare their peers with the Q, and are peers operations in China or here or elsewhere?
Haven't you considered that the assets you are referring to are now distressed to much lower prices due to the overall commodity sector being down. The assets are going to be liquidated for maximum price range, like 8-10 million for the assets.
Life support won't even save this company. This company is literally on it's death bed.
I can see that, but what gives if no one wants to up the bid to at least a 4?
It looks like it's going back to 3's for the time being.
As of when?
Why is this on the #1 breakout board, when there is no action? What is all the hype about?