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How does he sell under 1 dollar if in agreement with KALANI written that will not sell under 1 dollar?
BDI up again !
http://www.dryships.com/pages/report.php
R / S is not a problem! Dilution is the problem
Even if the next sales will be at 0.22$, if at all, after sales to KALANI are over, the books will be several times higher then current price and the balance and the fleet will be much stronger.
TOP Ships Inc. (the "Company") announced today that since June 16, 2017 it has issued and sold 776,525 common shares par value $0.01 per share pursuant to its previously announced purchase agreement by and among the Company and Kalani Investments Limited dated February 2, 2017, as amended (the "Purchase Agreement"). As of the date hereof, up to $10.7 million worth of shares is remaining that the Company may sell pursuant to the Purchase Agreement.
TOP Ships Inc. (the "Company") announced today that since June 16, 2017 it has issued and sold 776,525 common shares par value $0.01 per share pursuant to its previously announced purchase agreement by and among the Company and Kalani Investments Limited dated February 2, 2017, as amended (the "Purchase Agreement"). As of the date hereof, up to $10.7 million worth of shares is remaining that the Company may sell pursuant to the Purchase Agreement. Furthermore the Company issued 6,502,660 common shares par value $0.01 per share pursuant to conversions of 2,815 Series C convertible preferred shares. As of the date hereof, the Company has 4,685 Series C convertible preferred shares outstanding. Mainly as a result of these issuances the Company currently has issued and outstanding 8,640,174 shares
The last announcement received $ 1 million for 700,000 shares, which means that the dilution is not aggressive, and besides, they raise through bonds.
http://www.dryships.com/pages/report.php
I bought because of the marine transportation index that started to rise
Baltic Dry Index (BDI) 859 +29
No!There is no dilution in nots
The dilution in my opinion does not come from KALANI it comes from the exercise of options and debt conversion to shares, which on the one hand puts money into the company and on the other creates more shares.
Other good news is that since the June 16 update, they raised $ 1 million for 776,525 new shares, meaning that they only dived at $ 1.29.
I believe and hope that they do not dilute at the current market price.
I bought TOPS because TOPS book value is much more attractive, the dilution is about to end, and there's no convertible loan from GE!
good luck
The news from DRYS will help TOPS go beyond 1$ without R / S
Did GE not lend the company money convertible into shares?
He can convert the debt into shares and cancel the agreement with KALANI
One day GE will convert the company's debt into shares, and then GE will stop diluting and the stock will jump. That's why there are those who buy the shares, which is why, in my opinion, the artificial download of the shares.
No! There is a certain amount that went to the company and can be converted into shares, this amount is a certain amount.!
What size of the loan can GE convert into shares?
TU
The only way to stop the dilutions and keep the stock value which is now about $ 40 per share, is simply not to buy from KALANI.
Without buyers they can not dilute and will have to cancel the agreement and if they want financing, they will have to raise through bonds or loans.
You can save your money only if you avoid the dilutions. Do not buy DRYS until you notice cancellation of the agreement with KALANI.
Maybe I will buy next week...looking for a sign ...
The R / S does not lower the shares, dilutions and sales at any price of KALANI do that. There is no law that prohibits raising capital, but there is a law that obligates a company to act in favor of shareholders, and when the company dilutes at $ 2 per share when share holders equity is $ 50, This is clearly a violation of the shareholders and case for the claim.You should file a complaint about the company's responsibility to create value for the shareholders.
Maybe GE decided to sell only if the stock goes up? Thus reducing the risk to R / S
The problem is that he is not smart, he is a crook
He can suddenly stop diluting ,start to buy all the shares and only the dividend will return the investment in a year and a half.
His next manipulation would be buying cheaply and screwing up the shorts
I Don't know
Because of the dividends, and because the company is worth $ 78 a share
I see in the trade that someone is doing everything that the stock goes down, who has an interest in the stock going down?
Obviously, if he stopped the dilutions, the stock would jump but I think he is worried about filling the company with money on the one hand and then lowering the price on the other hand and suddenly buying the shares cheaply.GE can raise money with bonds without diluting and he does not!it is sign that he is going to buy back DRYS.
The company has a net value of $ 78 per share!
How can all the shortists close the short if he stops the dilution and starts buying.?
It is very dangerous to be short. Imagine that GE will stop diluting and start buying. When the company trades for $ 30 million and its capital is $ 700 million, it can create a crazy short squeeze.
WHEN WAS THE LAST X DIVIDEND?TU
I think it will go up first the r/s don't change anything to the share value or the dividends amounts.
1.3 -1.4 and I am out
then again when the deal with Kalany will end.
I bough 10'000 shares.The dividend 10 m $ per year and the low market capital will make the rebound in the next days.
Load up the pps at TASE 2.94$
Y the annual report is not out ?when?
The pps should up 33% like the equity
THE BDIY UP FOR MORE THEN A WEEK
https://www.bloomberg.com/quote/BDIY:IND