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Diana Containerships Inc. (the "Company") is filing this Report on Form 6-K to report that the Company had 6,384,974 shares of common stock, par value $0.01 per share, issued and outstanding as of February 16, 2018.
book value of 20$ per share!
There is a chance to see a lot more, depending on how many shares is outstanding,what is the current real NAV and when the dilution will stop
It does not matter. What matters is how many shares there are and how much capital per share, and until the company does not publish, I do not do anything
he question is whether there is a duty to publish a change in the number of shares on a regular basis or not?
If so then DCIX breaks the law, if not then there are 757,000 shares or $ 170 per share.
Because it is not clear how many stocks there are in the market
I bought more at 4.97
t is possible to deceive the balance sheets, but it is impossible to cheat the number of shares! If they lie in the quantity of shares, trading will stop immediately and they do not want to.
And all I'm looking for is a big short squeight on the basis of the small number of shares and the bet that the company has no desire to dilute at that price.
Do you have proof that there are more than 757,000 shares? Thanks
do not think that DCIX and TOPS in the same category .DCIX have not been diluting for two months and may have decided to stop because of the sale of the ships for $ 104 million or because the price is too low. The fact that the stock jumped to 28 was not diluted. Morgan Stanley holds 5.3% for about 42,000 shares. This indicates no dilutions.
Information regarding a material change in the quantity of shares must be published.
How can an investor make an investment decision without this figure?
How can DCIX determine that Morgan Stanley holds 5.3% of the company without knowing the amount of shares?
KALANI Deal has not been canceled yet, but it can be assumed that there is no dilution below $ 30 otherwise they would dilute on the day the stock almost reached 30.
Yes, provided they continue to not dilute at a low price
The point is that since the announcement of the agreement for the sale of the six ships at $ 104 million, there was no dilution, even when the share jumped to $ 25 at a very high volume, and there was no dilution. The company may not want to dilute if the share is below the $ 28 price, and it is possible that the sale of the ships will flow the capital they need.
The company has a capital of $ 129 million and 757,000 shares, which is $ 172 per share, which is a very large upside if they continue not to dilute.It should be remembered that any significant change in the number of shares requires notification, and if there was no notice, there was no further dilution in the last month and a half.
How many shares are outstanding?TU
SORRY I was wrong
This is not a new offer, it is the exercise of an underwriter's option and therefore the share will rise back.
I have said several times that R / S does not change the value of the company and should not cause a decrease in condition that the R / S is intended to leave the stock on the primary stock exchange and not for dilution purposes.
Since the dilution is over then the stock will not fall because of the R / S-DCIX proof.
Traders bought the stock two weeks ago at $ 7 when it was without money and now at 2.1 with $ 20 million in the company there are no buyers? how is it?
$ 21.6 million goes into the company's equity! Get in.
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how many shares are outstanding?
read this and think that the sell of ships replace the dilution.
https://seekingalpha.com/article/4111994-diana-containerships-inc-huge-disconnect-nav-stock-price-post-vessel-sale
BDI has an impact on fleet value
When the transaction with KALANI completed DRYS was $ 1.2
Today, TOPS also has a renewed fleet and attractive BDI prices. The impact WILL be in the report for the second half of the year.
The R / S does not drop the share. What brings down the share price is raising money and dilution. If the fund is raised from the bank, the share will rise and not fall, because at present the NAV is worth $ 4 per share( fully diluted)
In the end, what happened in DRYS will happen at TOPS
Imagine that they would share 10% of the proceeds ($ 10.4 million). Shareholders will receive $ 7-8 per share!
Only you all make an interest from R / S .... The amount of shares decreases and the share price rises in the same ratio .... What does it matter?In the past what brought down the stock after the split was the sales of KALANI no longer an agreement with him
EOD 0.44-0.47
It is in the interests of the shareholders that the share will not be transferred to Pink Sheets. The Company acted in accordance with the Stock Exchange's demand. There is no other choice.There is no reason to drop
R / S without dilution, does not hurt shareholders. This time it's for staying at NSDQ, previously it was for selling stocks.
It should not adversely affect that the R / S is designed to leave the stock on NASDQ
On second thought, the fear of this announcement only hurt the share price.
6,400,000
1734 C shares that's what's left since the last announcement. I believe that the dilution is over or about to end at any moment. The most important thing is that they do not make a new deal with KALANI and then the R / S will benefit from the fact that the share will not be removed from the main stock exchange.
TOP Ships Inc. (Nasdaq:TOPS), an international ship-owning company (the “Company”), announced that it has received written notification from The Nasdaq Stock Market (“Nasdaq”) dated October 10, 2017, indicating that because the closing bid price of the Company's common stock for the last 30 consecutive business days was below $1.00 per share, the Company no longer meets the minimum bid price requirement for the Nasdaq Capital Market.
I bought more, hoping that the gains in the BDI index will have a positive effect on the profit. Also, ending the KALANI transaction and stopping the dilution will leave the NAV attractive
http://www.dryships.com/pages/report.php
The dilutions are over I see it according to trading activity.
I think less then 3'000'000
The exercise price varies according to the share price, it is not accurate what you wrote
As long as there is no announcement of a new agreement with KALANI this is the strongest support
According to volume trading, it seems that new shares were created as a result of the conversion of the small amount that remained from the C shares because it did not create Short Squeeze. I believe that without pressure of sales of new shares, the index of marine transport is higher and NAV is several times higher than the market price if there are no further dilutions like Which were, then the stock will rise.