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I hear you. Good post for all
to read.
Since you have had TEUFF in BK,
or at least talked like it for
I don't know how long now, and
have given, I don't know how many
reasons now, for BK.....then please
tell us why BK has not happened?
Seriously. Just asking.
Do you think they are no longer
obligated to a 20-F next year?
I think they would as long as
they exist. Or maybe not under
these conditions. I've never
seen anything like this before.
Websites can be obsolete. The question
for common holders is the risk worth holding
for the number of times a R/S takes place?
I think DRYS had 4 R/Ss. So its a reward vs
risk question. Of course, some here have sold
and bought back in on the dip as I have once
to gain shares.
Still, even if there is no BK, which I believe
well not happen, it shall be hard to make money
if down the line there's 2 or 3 1-for-100 R/Ss.
Or what ever may come. And what about this
morning, up or down, after this new 6-K? If it
goes down, then it most likely will be even harder
to come back up, unlike in the past. Or there
could be a short pump-and-dump. You see, the
problem is most persons reading this 6-K will
not understand it because it sounds like Greek!!
What you are seeing is a year ending
slow down for the Christmas holidays.
Happens at this time every year.
People spending their hard earned
money buying gifts, buying travel.
Some are even selling stocks for
cash....for Christmas.
I'm not a chartist. But if I was,
I would follow only one chart which
is: www.barchart.com. The main reason
I'm betting on TEUFF is that its run
by Greeks. Greeks have been in the
shipping business for 5,000 years. They
know shipping better than anyone. They
know just what to do, and how, during
bad times in order to survive. With that
said, I don't expect a filing until some
time next month on form 20-F. On this
type of filing they are only required to
file once a year. It will be a year since
then.
The Greeks defeated the Trojans in 1194BC
by perseverance and with many ships. As
of this date they have just two ships and
shall persevere again in 2017AD.
Mark my word. They can do it again and
again. Just ask the European banks. They
know as they have been doing business with
Greek shipping for hundreds of years.
9.95 at Schwab
Most likely the option was applied
based on what direction the dry
bulk sector is doing later on.
I sure hope you are right about TEUFF.
Otherwise, most of us are like a stampede
herd of buffalo falling off a high cliff.
Should had sold today when up $2,600.00.
I sure thought this pump would last longer.
It may take a while to get the word
out. The 6-k is not widely published.
I've only seen the 6-K here and at
Schwab.
I think a pump-and-dump is coming
this morning at TEUFF. They just
payed off their total debt, 100M.
The 6-K was posted after close
yesterday.
go to www.barchart.com and bring up
PRGNF and TEUFF. TEUFF is more risky.
But 2 weeks ago payed down their debt
by 30 million. The sector is coming
back for sure. TEUFF has now 93M O/S.
Read the posted news and take your pick.
It's called a classic pumpanddump, KIKU.
Now it will start going back up, slowly,
next week. I sold last week, .191, and
got back in today at .011.
TEUFF....the company is doing just fine.
Filings coming early 2017.
Oh, c'mon. $251,000.
TEUFF don't file quarterly reports. They
file under form 20-F annually. Not due
until January. This can be found on the
last 6-K posted.
I was thinking the same thing. With
549k shares, which is a lot. The sector
is coming back and TEUFF's debt is lower
than before. So staying long is a good
risk. There is and always will be risk.
It reminds me of an old expression: "Do
you know what the ship owner told the captain?
He said, "Don't tell me about the storm.
Just bring in the ship!"
Large ships/small ships....both can
go through the canal. You know that.
Having debt and down-sizing are common in all
companies over time. You also know that.
You hit the fly on the head with
that post. The sector is moving
higher and TEUFF's future is safe,
and it wouldn't surprise me if
they bought one or two ships next
year.
I think this may be one reason.
www.marketwatch.com Nov. 15th.
"Shipping companies rocketed higher in
hopes that a Trump presidency will boost
commodity prices, which in turn will lift
shipping volumes."
GOOD
No. It's not a "buy and hold." It is
about a two day pumpanddump at the most.
DRYS and some of the others in the sector
are already coming down at the end of the
day, yesterday.
2 DAYS folks-
marketwatch.com nov. 15th this morning.
"Shipping companies rocketed higher in
hopes that a Trump presidency will boost
commodity prices, which in turn will lift
shipping volumes."
For those who are new to TEUFF or
unaware about filings, a poster yesterday
said TEUFF is behind in filings. This is
not true as TEUFF this year is filing on
form 20-F. A once a year filing. This
can be found on SEC form 6-k dated Nov 1,
2016. So filing should be anytime during
first quarter 2017.
Also, the selling of three ships is a good
thing. They were old ships and would have
been sold anyway no matter where the shipping
sector was at.....up or down.
The U.S. has the strongest economy and
the highest quality and abundance of products
than any country in the world. If we increase
import tariffs then so be it. When other
counties impose or increase tariffs on us
we can always buy those same products
elsewhere. There is international
competition out there, you know. We
can do that better than anyone. A TARIFF
WAR will be healthy for all, and will
bring about an increase in the shipping
sector world wide.
One other big thing. We have an ace-in-the-hole.
Is there anyone on this board know and realize
the fact that the U.S. is the largest exporter of
rice in the world?! That's right.
Uncertainty is the boogie man of
most investors. I think they are
waiting for TEUFF to resume making
loan payments due next year....if
they can, or cannot. The banks
have also loaned TEUFF months of
time. So I don't see BK any time
soon if ever. From now until then
small and large investors outside
are watching and waiting. imo-
TA. You seem to have an answer for
everything. Your sentence is paradoxical
and misleading. "Small ships are worthless
b/c large ships can now navigate the Panama
Canal!" What is the Canal going to do,
close the gate on small ships? C'mon on.
You can do better than this with your
skepticism of events between TEUFF and
the banks. These matters (BK) are not
conclusion as you make them out to be.
But theory of possibility.
Does anyone know what the monthly
payments will be starting in May?
I don't believe BK is on the table
at least until payments are due.
And by then revenues in progress
should take care of future loan
payments due. And anything can
happen within the next 6 months.
www.vhss.de
This is an index for the container shipping
sector that is broken down BY SHIP SIZE.
It's a German index written in English. I
think it is a good perspective.
About dates:
7-10-2016 Europe
10-7-2016 American
They are generating revenue now. So
they can make payments next May. I
once said they may be able to renegotiate
bank loans at that time. And you told
me a flat no. Now it seems you are
backing off of that with, "we will see
what the banks will do." I'm paraphrasing
your answer. The banks gave them a loan
for a reason. Obviously without the intent
or thinking they will have to call in the
loan some time down the line. So I'll hold
until then.
The worse thing about being a shareholder of
any stock is that we are the last ones to
know what's going on!
You are right. I'm not a business
person, but I think it's called
down-sizing.
If anything, I see a merger coming
before a bankruptcy. About the 250k
loan, they can easily pay it off
rather than conversion. DRYS sold
5 ships for 29.4M. That's 5.88M for
each ship. Do we know for sure what
TEUFF got for their sell "in exact
dollars?" No. Let's not be too quick
to throw TEUFF into bankruptcy.
Although I will admit, with TEUFF's
high debt and low PPS a merger may not
come about, and is far from being ideal
for the shareholders.
We shall see. They can still operate
with 5. And they have cash-on-hand
and no payments due as of now.
Anything can happen between now and due
date....like a rising sector coming-
DRYS has already done a r/s two times
in the past 18 months. I don't see
this happening with TEUFF. And I
almost bought DRYS 2 years ago!
GO TEUFF
I think it will reach that price (.66)
by summer, and a dollar plus by late 2017.
I believe in the whole business world trading
stocks is the most fun and most exciting place
to be in.
In May, if TEUFF makes a payment and shows
the banks future contracts, then there will
be no bankruptcy.....and with the shipping
sector coming up, I just don't see it
happening. Assets are rising as we speak
here b/c of present contracts out to sea
and a recovering business cycle. It may be
the PPS is the last to follow these events.
You are 100 per cent right. I think
Toxic's premise for bankruptcy is
missing the on-going revenues.
All right, good. Now back to the
banks. If they force bankrupty,
then they will lose a lot of money,
whereas if they keep TEUFF on their
books they haven't lost anything as
is. Am I wrong about this? Just
asking.
I think by S.E.C. rules they have
to report by Jan. 15th. That will
be a full year since they reported
last. Where as last it was a 10K,
now its a 20-F form due once a year.
And again, it would have been a year
in January since.
I think by then, and if TEUFF is
collecting revenues, the banks
will allow a renegotiation of
their loan. This may not be so
good for the company long term
because it well mean more debt.
But it will be good for the share
holders and cause a bump-up in
the share price, don't you think?
The share price is a disgrace. Should
be at least 20 cent. And it will happen
when financials come out in Jan. 2017.
Stock prices, I believe, are determined
by 80% psychology and 20% by facts and
math. That's why it's so hard to make
money in the stock market. The market
hates uncertainty. And that's what's
going on here. imo-
Go TEUFF
Most likely financials come out in
Jan. Now you can go back to bed.