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There are 800,000 shares and these thieves can buy all the shares then sell the ship fleet and divide the cash. Each share will receive $ 140!
A strong sale and all the manipulation to attract buyers to this bankrupt company, be careful.
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In SHIP and DRYS the dilution is gone
And the CFO became a shareholder
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This is a fact that seems to change if they continue to dilute, but if they decide to stop the dilution then the share will rise very strongly
According to the semi-annual report, there is $ 14.5 per share cash! And equity of $ 161.25 per share.
According to the announcement there are 4,262,561 ordinary shares(17.6 $ p/s).
There is a debt of $ 1.8 million that can be converted to 1,794,175
There are 1,250,000 options that can be converted into 3,025,000 shares. The conversion of the debt and the raising through KALANI increased the NAV to more than 80 million $. Therefore, the NAV per share after exercise of the options and the conversion is approximately $ 9 per share.
BDI +40 1247 !
http://www.dryships.com/pages/report.php
Almost all marine transportation shares are rising ACSEPT TOPS and DCIX.
Baltic Dry Index (BDI) 1207 +38
SPOT TC AVG
(USD)
17123
+1117
10494
+164
8763
+173
Every day a notice of termination of the agreement is due, in which case it will be difficult to buy under $ 3
I wish you but with a thief at the head of the company who dilute you again at $ 100 million, issuing rights diluting also 100 M, it is hard for a share to rise from here.
DRYSwas the place to be.GE AND THE RIGHT OFER chances the game.
BDI UP AGAIN!
I switched to TOPS because GE and the rights issue dilute 72.72 more new shares and GE does not put in cash. The stock is still cheap but not worth much more
Y ?
There were 1.925 million shares and another $ 6.3 million to dilute.
How many shares will be if the options exercised ?and how many if the preferred shares converted to Ordinary shares ?
Besides, the NAV was 72.4 and since then it has raised $ 10 million
This is the short traders' chance to close the short as the volume grows, more buyers will be coming towards the end of the dilution
Today we will clear KALANI from his shares
Baltic Dry Index (BDI) 1092 +42
Without raising funds, the company will not be able to repay its debts, the problem that the way they raise .
Bought more because of the sharp increase in BDI
The large volume brings the end of the dilution closer. The stock will jump like DRYS
It is possible that what remains to be diluted will be in price hikes such as DRYS
the previous report, 9.7 remained to raise, now 6.3, which means $ 3.4 million for 1.2 million shares. At the current price there will be an additional 4.8 million shares.
The capital will be about $ 13-12 per share or so.
After all, marine shipping prices have improved greatly, and the company's debt has declined and may seem a strong and profitable company.
But KALANI is selling at all costs even when the index rises and the sector rises, causing investors to stand looking and not buy.
Should DRYS be replaced with TOPS?
If there is only a million to end the dilution, why does the stock fall?
Of course I do not like it, but I thought I'd wait here for the expected jump at the end of the agreement instead of waiting at DRYS.
A smaller share is expected to jump further.
On the other hand sell short shares of such a small company whose net worth much higher is also dangerous and stupid.
On the other hand, they have to raise money to repay debt, and without raising the company, you will not be able to act.
I have never seen a company with a strong cash flow, which has not paid its debts.
All the panic is unjustified.
If there is a substantial change in the number of shares the company must report, why is there no report?
Maybe following the improvement in the BDI index will be Short Squeeze and there are not many stocks to trade?
Besides that, the fundraising is supposed to come to an end.
There are signs that companies are not selling at any price at all, if there was a significant change in TOPS shares must report! There is no report to date and this is a sign that there is no significant dilution.
In any case, we are waiting for Short Squeeze and the BDI index that rises, giving hope for correction of the share and improvement in the company.
Everyone knows that, but they know that the price is cheap and the agreement with KALANI is about to end and then Short Squeeze will arrive.
see it as a potential for Short Squeeze.
In the company's last update there were only 600,000 shares.!
The comparison to DRYS is because the dilution is much smaller and is about to end and because the net asset value is $ 100-120 per share.
The stock will rise when the dilution is completed, just like in DRYS.
A few weeks ago the company announced that 9.7 million was left to be raised under the agreement and since then there has been no update. The dilution is likely to be over, and if it was not thinning it means they are waiting for a higher price.
I think that the increase in BDI and the huge gap between the share value in the market and the book value will jump up the share when the dilution stops or ends.
As in DRYS, so in TOPS, the dilution is about to end, and I would say that in TOPS the gap between the NAV and market value is more attractive than in DRYS and the stock will respond most intensely to news about the dilution end.
We saw this share rise 200 percent, even at a much higher price.
To open short in a share with nav of $ 130 per share is extremely risky. I'm long.
Total Equity 73,542,000, excluding capital raised from July.
The number of shares today is 600,000, so that the net value is $ 122 per share!
No need to get excited from R / Ss because it does not change the company value.
The report shows a significant increase in revenue but a bonus and an increase in financing expenses caused a loss.
I took advantage of the falls and bought