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Didn't see any news either. No one has any ideas?
I think you are right; SD = stock dilution. Is the dilution related to the 8K filing about convertible notes?
Did anyone read the 8k today? $200 million in bond issuance!
I'll be honest with you, I don't know all of the cons of molten salt thorium reactors. I have done some research and while the pros do seem very positive, I have not read much on the cons.
Yeah, just trying to get a handle on things. I am thinking about building a position, but wanted to clear up some confusion between VDI and VTGDF
Hmmm....I guess they know something that we don't.
On fire! Certainly sounds like smooth sailing for the shipping industry! (Pun intended)
So you think that they may have identified a merger candidate, which is leading to volatility?
What do you think will happen when the contract is up? New negotiations?
So the market is starting to correct then? What do you think the major shipyards will do in response? Offer to build bigger ships?
Any ideas what is going on?
Just to be clear, VTGDF owns VDI, and VDI is an operating company. VTGDF is going through liquidation, so any money that VDI sends to VTGDF goes to pay VTGDF creditors?
So the company isn't worthless, just trying to keep its wealth for itself?
While Genco missed on earnings, it did beat on revenue. Hopefully we can see a reduced cost structure and these revenue increases will filter down to the bottom line.
With strong Chinese iron ore and coal imports, and a refinanced balance sheet, it sounds like Genco shipping is certainly on a path recovery.
Interesting to note that orders for panamax ships is at top levels, but orders for supramax ships have started to bottom out.
According to Alphabulk, dry bulk shipping has increased 4X shipping this year. Sounds like good news for the beleaguered shipping industry. Also, could this point to a continued economic recovery?
Yesterday DCIX announced a new charter with Wan Hai Line for one of it's post Panamax containers ships for an estimated 1.32 million in revenue. Good to hear that DCIX is entering into new contracts. Will be interesting to see how the contract re-negotiations will go once the contract is up.
So you long on VTGDF? Am I interpreting that correctly?
But if you know a pattern, can't you trade on that?
Yeah, I realized that today. Like I said, in a previous post that it will some time before we see that happen.
I understand what you are saying. It would seem that something must be done today to save ourselves. That being said, humans do have an uncanny ability to invent our way out of bad situations. We just need others to see that.
Don't preferred shares represent the best of both worlds to shareholders? They can participate in any upside of the company while also ensuring that they received a preferred dividend? That being said, preferred shares are not the most tax advantaged form of financing for a company. I would say that investors buy preferred shares as a form of insurance. They are protected, somewhat, on the front end while also being able to participate on the back end of any upside.
So we shouldn't worry about float increase until the price reaches $1.11 per share? If the conversion price is a 10% discount, with a floor of $1, then the lowest the price can reach and still have the conversion be profitable is $1.11? Correct?
Ultimately I agree. It seems that a roll up strategy is certainly in order. In addition, if TVOG controls the supply chain, not only will it be able to increase profits for per customer, but it can also increase the margins at each step in the supply chain.
So if there is nothing left for shareholders, what will happen to their cash and their contracts. I was under the impression that they are increasing their revenues and have been receiving payments on those contracts.
Ha! I know. I am not trying to initiate bad news, or make statement to the detriment of TVOG; just trying to hone my understand of trading mechanics. Just because a stock has a momentary dip doesn't mean it isn't it buy, in fact quite the opposite. Say the price does experience a momentary drop as the float increases, that might be a great event and an even better buying opportunity. It seems that the horizon for a float increase is quite a ways away, so I wouldn't about that for now. And when the float does increase, it will likely be after the company has a positive track record; again indicating a possible buying opportunity.
Ok, fair enough. There are no bad investments, just bad prices. Not sure where I first heard that comment, but it's true. My strategy for Diana has been to wait until the volatility goes down and then buy and hold. I would think that eventually the market will correct as shipping companies go out of business, are merged, etc. Do you think a market correction in shipping prices is in order, or is that just a pipe dream of mine?
Ok so when the preferred convert, we should see a rise in float and a subsequent decrease in price - assuming everything else remains the same?
Oh so it's not out of business per se, but, like you said, being upgraded for future increases in capacity?
Ok, thank you for clearing that up. I didn't realize that there was a market maker suppressing the price at the beginning of each trading session; however it makes sense that a market maker would do that in an effort to increase his own profits.
So VTGDF is in a much better position than is reported by Seeking Alpha?
That's very true. I guess I do have some hope that we can reverse our current trajectory, but I realize that that might be pipe dream. It's one of those daily fantasies if you will.
Ah ok. I would assume that mixing plants are more profitable than refineries? The refineries produce a commodity product whereas the mixing plants produce a value add product using commodities as inputs.
Seems like a good trading stock, but not buy and hold. Is that correct?
The new charter with Norfolk Capesize will start this Thursday; that's another 13.25k per day in revenue. Is anyone else excited?
This seems like a stock that has an interesting business model. I'm guessing the sentiment isn't for long term buy and hold?
I haven't seen any news on potential acquirers. Do you know if anyone has expressed interest in buying assets?
The BRACU offering will be used to fund ANFC activities? Or used for totally separate purposes?
Do you think that Gulf Coast Asphalt Terminal going out of business is an ominous sign? Or a sign that there is reduced competition, and thus higher profits?
That's crazy - $100 billion just in Bitumen. That means bitumen for all uses, correct? Or just for paving?