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If Mullen goes over a 1:250 reverse split they don't receive a grace period.
Who needs grace? I need the stock to remain in NASDAQ
I understand that more is possible, but there won't be an extension, who needs an extension, the main thing is that the stock stays in the crack
is cheaper to buy Imperial in the market than to convert the preferred shares.
Not true! The company does not lose its value, only the stock goes down and in my opinion just for nothing. The latest economic event is that the company buys its own shares for much less than its value and its cash value and this is great for the shareholders.
Is it possible to do another RS and meet the requirements?
There are orders, you will see it in the revenues in the next quarters
Why short a company with 214 million in cash with NAV
350 in which BB and purchases of interested parties are carried out, which has reached the stage of production and sales of the electric cars? MULN will not go bankrupt with such data and a short squeeze is only a matter of time.
The buyback is designed to buy as many shares as possible with as little money as possible, the more shares are deleted because of the buyback, the better for the shareholders because the capital per share will increase and when the company starts to earn, the profit per share will increase. A stock will not artificially increase and it is better to enjoy the economic value inherent in these purchases.
I will not sell at such a price, the share price has reached close to the minimum of the conversion price and Harry wants to convert the preferred shares at the closest price to a dollar and a half. After the conversion he will have ordinary shares and then the dividends will start, buy backs u and the share price will fly up.
BTW, there were many investors who thought that the conversion was already based on the price of $2.73, but there was no conversion! Harry wants the minimum price for the conversion, which means $1.50 and what happened yesterday is because it suits him that the stock goes down until the conversion.
Those who invest in the stock do not even need the stock to go up, all that is needed is for the company to carry out its dividend policy which should easily yield 1-2 dollars per year. This is what is written in the prospectus "In accordance with our dividend policy, and taking into account the above-listed factors, we expect to pay dividends only if during the preceding quarter Quarterly Cash Flow is positive and Quarter-End Excess Cash is also positive. As a general guideline, the amount of any such dividends is expected to be based on a pay-out ratio of the lower of i) Quarterly Cash Flow; and ii) Quarter-End Excess Cash. So long as our end of quarter outstanding debt exceeds our equity market capitalization our pay-out ratio is expected to be 50%. We will consider increasing the pay-out ratio gradually up to a maximum level of 90% that we may achieve when our end of quarter outstanding debt is less than 10% of our equity market capitalization.Maybe the news will come in the next report
The profit that is about to come out will be huge! The company returned a debt of 22.2 million as of March and the source of the repayment can only be from the profit.
On January 13 and March 6, 2023, we redeemed 1,000,000 and 1,016,667 of our Series F Preferred Shares for an aggregate amount of approximately $12.0 million and $12.2 million, payable in cash respectively. Following completion of the redemption, as of the date hereof 3,834,082 of the Company's Series F Preferred Shares remain issued and outstanding.
I bet that with the publication of the second quarter report there will be an announcement of a dividend distribution in accordance with the policy, 50 percent of the profit, I do not believe they will take a risk in lawsuits for deception and misleading advertising. 50 percent of the profit is a lot of dividend, even more than the market value!
There is a bid of 46500 shares on 3.08
Just think what the dividend yield will be if and when the company distributes the minimum dividend it promised, that is, half of the profit in the quarter. According to the profit in the first quarter, approximately 7.5 million dollars should be distributed, which is 63 cents per share in the quarter. We need to send the company a letter from a lawyer who will write in it that if it is not Distribution, there will be a class action lawsuit for the fact that we bought the shares for $4 because, among other things, a promise to share 50-90 percent of the profit.
"In accordance with our dividend policy, and taking into account the above-listed factors, we expect to pay dividends only if during the preceding quarter Quarterly Cash Flow is positive and Quarter-End Excess Cash is also positive. As a general guideline, the amount of any such dividends is expected to be based on a pay-out ratio of the lower of i) Quarterly Cash Flow; and ii) Quarter-End Excess Cash. So long as our end of quarter outstanding debt exceeds our equity market capitalization our pay-out ratio is expected to be 50%. We will consider increasing the pay-out ratio gradually up to a maximum level of 90% that we may achieve when our end of quarter outstanding debt is less than 10% of our equity market capitalization. Quarter-End Excess Cash is defined as actual end of quarter Cash and Cash Equivalents over our Minimum Cash Threshold. Minimum Cash Threshold is defined as the sum of minimum liquidity pursuant to our loan agreements and $1.5 million per vessel. Our bank facilities currently require us to maintain minimum liquidity of $5.0 million.
The dividends are on the way
Why not distribute a dividend? We need to contact the SEC!
Pursuant to this program, we have repurchased 1,518,113 shares of our common stock to date
So what ? There will be fewer shares in the market at a higher rate which will allow entities that are not allowed to buy shares below the dollar to trade.
Me too
Dilution agreement, caution
https://mayafiles.tase.co.il/rpdf/1526001-1527000/P1526939-00.pdf
In front of the assets there are also debts and burning cash so it is not completely accurate
According to the latest presentation, the amount of shares decreased by 125,000 shares and this is a sign that BB is taking place!
"Return value back to our shareholders via a $15 million share buyback. We expect these steps will solidify the company’s future, while at the same time we remain positive for the medium term outlook of the LPG shipping market"
.I increased and I am increasing investment because of these things the CEO said about GASS, I expect a buyback in IMPP as well
You can sell after the shares are listed for trading, but why sell if you can get a quarterly dividend?
A huge profit for IMPP of 36 million! Also a company with 8 tankers.
as of April 19, 2023 based on *11,968,801* common shares.
based on *11,903,406* common shares outstanding as of April 25, 2023
Result of the buy back
It can't be that they bought first and then announced a purchase plan, but if they did then they canceled more shares with the same money and that's better
A super important P/R shows that there is no intention to issue.
Who knows what the yield of the D preferred shares is?
If we manage to get the company to change its attitude towards the shareholders as is happening in SHIP we will gain a lot
Yes, so she will earn a lot
Some regional deals have been already signed and *include upfront money*
interesting
The company earned almost 50 million dollars in 2022
Most of the profit comes from TORO thanks to the tanks, in my opinion it is better to switch between CTRM and TORO. I sold CTRM and bought TORO.
Because it does not intend to *raise additional capital*
or sell additional shares under the ATM Agreement.
An additional capital raise was made today
The Company is terminating the ATM Agreement because it does not intend to raise *additional capital* or sell additional shares under the ATM Agreement.
This is a strong reason for a class action lawsuit and the cancellation of the issuance and trading
Whoever sold before publication of the IPO and the IPO data acted on the basis of inside information and caused us damage. Where is the SEC?
"The Company is terminating the ATM Agreement because it does not intend to raise additional capital or sell additional shares under the ATM Agreement". How can it be after they say they do not intend to raise additional capital? If there is an issue to complain to sec
It can't be from shorts, it can be from fear of an IPO. There are many purchases of my shares and those of my friends and whoever makes a short gets into trouble and therefore it does not make sense.It is possible that yesterday's announcement is confusing and causes declines without there really being an issue. There is no announcement and no offering price.
If it turns out that there is no dilution, the stock will double in two days.
A decrease like yesterday and there is no announcement, I bought more if there is an issue, it does not justify such a decrease.