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and yet people continue buying. what is wrong with people?
I'll just leave this here.
I told you so
>implying that we are not already in the pennies.
Using 2016 dollars and price per share from only 6 months ago we are deeeeep in the pennies.
Hell, if pennies is simply defined as below $1.00..... we are pennies now.
PPS is not the only requirement for de-listing.
Other factors are Market Capitalization which is unaffected by Reverse Splits and Earnings
what is this to do with DRYS?
DRYS has George Economou who will bleed small investors dry at every opportunity.
NEVER, ever let that be far from your decision making process.
They even tell you they will short their own stock and cover the short, NOT WITH MARKET PURCHASES BUT WITH NEW SHARES
Here:
latest DRYS SEC filing
look under "RISK FACTORS"
Then look under: "PLAN OF DISTRIBUTION"
We may sell or distribute the securities included in this prospectus through underwriters, through agents, to dealers, in private transactions, at market prices prevailing at the time of sale, at prices related to the prevailing market prices, or at negotiated prices.
In addition, we may sell some or all of our securities included in this prospectus, through:
·
a block trade in which a broker-dealer may resell a portion of the block, as principal, in order to facilitate the transaction;
·
purchases by a broker-dealer, as principal, and resale by the broker-dealer for its account; or
·
ordinary brokerage transactions and transactions in which a broker solicits purchasers.
In addition, we may enter into option or other types of transactions that require us to deliver our securities to a broker-dealer, who will then resell or transfer the securities under this prospectus. We may enter into hedging transactions with respect to our securities. For example, we may:
·
enter into transactions involving short sales of our shares of common stock by broker-dealers;
·
sell common shares short themselves and deliver the shares to close out short positions;
·
enter into option or other types of transactions that require us to deliver shares of common stock to a broker-dealer, who will then resell or transfer the shares of common stock under this prospectus; or
·
loan or pledge the common shares to a broker-dealer, who may sell the loaned shares or, in the event of default, sell the pledged shares.
32.174 ft/s squared
This one? "Lead Plaintiff Joseph A. DeShayes ("Plaintiff or "Lead Plaintiff ), individually and on
behalf of Ann P. DeShayes, his wife, Susan A. Keenan and Joel M. Keenan, his daughter and son-inlaw,
and On Site Drapery Cleaning, Inc., a business managed by Mr. DeShayes, and on behalf of all
persons or entities who purchased or otherwise acquired the common stock of Top Tankers, Inc.http://securities.stanford.edu/filings-documents/1036/TOPT_01/2007817_r01c_0613761.pdf" rel="nofollow" target="_blank" >http://securities.stanford.edu/filings-documents/1036/TOPT_01/2007817_r01c_0613761.pdf
Why is
George Economou
G.C. Economou & Associates
11 Kanari Street
106 71 Athens, Greece
011 (30) 210 364 0030
the "Person Authorized to Receive
Notices and Communications" for TOPS?
TOPS Amended Statement of Beneficial Ownership (sc 13d/a)
http://ih.advfn.com/p.php?pid=nmona&article=74215988" rel="nofollow" target="_blank" >http://ih.advfn.com/p.php?pid=nmona&article=74215988
Why is
George Economou
G.C. Economou & Associates
11 Kanari Street
106 71 Athens, Greece
011 (30) 210 364 0030
the "Person Authorized to Receive
Notices and Communications" for TOPS?
TOPS Amended Statement of Beneficial Ownership (sc 13d/a)
http://ih.advfn.com/p.php?pid=nmona&article=74215988" rel="nofollow" target="_blank" >http://ih.advfn.com/p.php?pid=nmona&article=74215988
I am still here
busy busy busy
you have not read all my posts
Well of course not Petey. Neither would you be down money if you had bought at the early March lows either.
But that is exactly my point. Unless you bought the most recent and absolute lows, you are very likely underwater on your purchase and desperately trying to "average down" by pouring more money into this pig. I say give it 2-4 weeks and the current prices will seem like pie-in-the-sky dreams that many wish they had sold. Imagine telling someone in early December of 2016 that they could short DRYS and they would be fine...
Remember.... we have to get back to $8 just to regain January of this year
DRYS has lost 99.991% since 8/12/2016 when it was 32 cents a share!!
If, on 8/12/2016, you had 480 shares of $DRYS worth $163.20... Now you have 1 share worth $1.35.
George Economou is taking DRYS on a mission to prove that there are an infinite number of divisions between $0 and $1
January 23, 2017 1:8 Stock Split
November 1, 2016 1:15 Stock Split
August 15, 2016 1:4 Stock Split
Yes. Your 480, 32-cent, stocks from 7 months ago are now worth $0.00066666666 each. 6.6666666 ten-thousandths of a penny! Of course we all know that the aggregate 1 for 480 reverse split has left you with one share worth $1.35
Please tell me again why this isn't a penny stock!
Yes, it is similar to the last Reverse Split
The timing was discussed a few days ago.
TruckingAngler:Historical reverse split schedule
Past Stock Splits
Date Event description
January 23, 2017 1:8 Stock Split
November 1, 2016 1:15 Stock Split
August 15, 2016 1:4 Stock Split
You said it Birdy!
Me and 20 like me might buy 100K shares on our bravest day!
I think it is important to maintain a sense of perspective and history when approaching DRYS. Sure, one week back in November 2016, everyone hit the lottery for 3 days. How many cashed out? How many held, praying for a return to that golden moment, only to sell at a loss within days?.
The BID is massive at $1.30! Good luck getting filled.
The line is looooong to get filled at $1.30. I wonder if that is to encourage traders to buy $1.31 (right before the rug gets pulled out)? Or could the very large ASK at $1.31 be there to encourage you to sell at $1.30?
Also... anyone else notice the large numbers of fractional penny fills? Who gets that treatment? My broker has a penny as the smallest increment for BID or ASK.
Reverse splits will create plenty of room below today's price just as they did in January and also in 2016.
Everyone pause to realize that if you spent $1000 on DRYS at it's January 20, 2017 close, (a little over 60 days ago) you would have less than $180 left. That rate of decline is just breathtaking!
YEAH! That's a stock I want to own for the FUTURE! Dripping sarcasm intended.
$11.8M traded today and you think $200K BID is going to hold this up?
That bid can be swallowed and another $800K below it before you can find the SELL button.
When the sellers start chasing bids here it is breathtaking.
HAHAHAHAHAHA! Someone is chasing your bids!
If not Kalani then someone else. Maybe Georgie himself. The Prospectus says that they may short their own stock... Really it does.
If the buyers will not slap the ASK then the sellers will chase the BID and cram millions of shares down their throats.
get filled now
"The only business Kalani has done is with DRYS."
"More filings for TOPS and Kalani today."
Which is it?
I really feel sorry for DRYS bagholders.
You can't say I haven't tried repeatedly to warn you.
Amin Yashed posts on DRYS
I explained Kalani and Death Spiral Financing in late January
Death Spiral Financing - Joshua Sason & Yossef Kahlon
Give it another read.
I've been out of that trade for a long time.
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