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Sad but true
He'll need to buy Bertsos shares as well!
Hope so!
I wish we could see 0.02
This stock is undervalued, why Bertsos is acting like that?
I agree with you.
I think we could prepare an email like the ones already sent to him, which will be signed by 10-15 of us, holding x number of shares, and ask him to have a call with one of us (our "representative") and have a 15 mins. call.
I truly believe he could give us 15 mins. of his time, as we have invested some serious money in his company,
That's my idea, I hope it's materialized in the near future,
Well done!
How about we set up a call with Antonios?
Is there anyone in the community that would like to speak with him in person, representing all of us, and ask him two or three basic questions?
I'm just asking, I know it's difficult,
We could ask him apart from the os, an estimation of 2017 results and company's present debt,
You talked to his secretary?
C'mon Bertsos, give us the os
Let us buy more shares!!
$BSTN[color=red][/color]
I don't have PM. Someone asked me why I only post for BSTN.
I don't have time to post for other companies, and BSTN is a very interesting case and this is why I have bought shares, not much in monetary value, but I keep my shares.
Yes, I wrote it at my post
You need to take into account the age and shipyard of the ship. Ships of 1996, with approx. 45k. deadweight that are built in Japan are sold for 4,5 mil. And further if you read the filings, they have paid (as of Dec. 31 2016) aporox. 3,1 mil $ for the vessel.
They are in the money of course
Do you have something "reliabke" to substantiate the vessel's value of 10 mil. Please show to us. As long as you git the CEO contact you, this could be fairly easy to share with us. So, how do you know the ship is worth 10mil.
Can you plwase elaborate?
It was a big R/S though, one still huge
And that's BSTN we love! All aboard!
er11a, has management tild when they will file their Q2 for 2017?
Deadline is Dec. 31 2017 i.e. last day is tomorrow.
This could update the ss!
Have you talked to them, on the phone maybe?
Nonetheless volume is very high and I hope we see pps increase!
Why isn't it soaring?
Another red day, wonder if there are debt holders selling their converted shares that pps down.
Let's be patient though
It's not chilling, it's loading/ unloading cargo. The vessel is working and generating revs 24/7
Not chilling at all
Dec. 31 2017
Income will be reported one wayvor another, the ship is in perfect order and BDI is 1,366 so they will make profits.
It's only that their CEO has signed a case study fraud, even if he "didn't want to".
Nonetheless that is not sonething you can neglect, imho
GLTA
Can you read the terms of the 3mil. loan to YP the one issued on June 2016 and tell the interest rate. If I understand well, YP is converting with 30% on the principal.
In addition to the above can you please tell us the interest expense and your opinion on whether this is deeply discounted ir not.
Please use the nore terms and not emotions and nerves
Oh thank you! I won't be scared though!
Could they be debt holders having converted during September or October when pps was extremely low and just turning their shares into cash?
It's interesting that the company is not aware of the exact number of OS, but can only give an estimation.
It is also interesting that the company states AS to be 10 million instead of 50 billion (including "blank check" preferred). Find below an abstract of the filing they did on May 24 2017, p. 3/13
"As previously disclosed on a Form 6-K filed on April 14, 2017, on April 7, 2017, the shareholders of the Company authorized the Board of Directors (the “Board”) to file the Articles to (i) provide for authorized capital of Fifty Billion (50,000,000,000) shares of capital stock, divided into classes consisting of (a) Forty Five Billion (45,000,000,000) shares of common stock, par value $0.0001 per share and (b) Five Billion (5,000,000,000) shares of “blank check” preferred stock, par value $0.0001 per share; and to (ii) grant the Board discretionary authority to effect one or more reverse splits of the Company’s issued and outstanding common stock at a ratio within the range from 1-for-2 up to 1-for-30,000, at any time prior to April 7, 2018, at the discretion of the Board."
It is also interesting to see that the company is unaware of the 4mil. shares that have been issued to the CEO within 60 days of May 15, 2017 according to p. 88/477 of their 20-F which was filed on that same date.
Finally, it is interesting to see the "investor Relations" header instead of "Investor Relations"
Can you please tell the company to clarify the above points, as it would suggest a transparent company, and would make a lot of people buy this share?
That would really help!!!
We need you on this one, do your best, we need people to trust the company, tell CEO that!
Thank you in advance,
A proud BSTN investor!
With regards to the connection btw AS, OS and RS xyz1002 has answered this pretty well on his post #5698
Please read it and I could walk you through should you have any inquiries left
It's interesting that the company is not aware of the exact number of OS, but can only give an estimation.
It is also interesting that the company states AS to be 10 million instead of 50 billion (including "blank check" preferred). Find below an abstract of the filing they did on May 24 2017, p. 3/13
"As previously disclosed on a Form 6-K filed on April 14, 2017, on April 7, 2017, the shareholders of the Company authorized the Board of Directors (the “Board”) to file the Articles to (i) provide for authorized capital of Fifty Billion (50,000,000,000) shares of capital stock, divided into classes consisting of (a) Forty Five Billion (45,000,000,000) shares of common stock, par value $0.0001 per share and (b) Five Billion (5,000,000,000) shares of “blank check” preferred stock, par value $0.0001 per share; and to (ii) grant the Board discretionary authority to effect one or more reverse splits of the Company’s issued and outstanding common stock at a ratio within the range from 1-for-2 up to 1-for-30,000, at any time prior to April 7, 2018, at the discretion of the Board."
It is also interesting to see that the company is unaware of the 4mil. shares that have been issued to the CEO within 60 days of May 15, 2017 according to p. 88/477 of their 20-F which was filed on that same date.
Finally, it is interesting to see the "investor Relations" header instead of "Investor Relations"
Can you please tell the company to clarify the above points, as it would suggest a transparent company, and would make a lot of people buy this share?
That would really help!!!
We need you on this one, do your best, we need people to trust the company, tell CEO that!
Thank you in advance,
A proud BSTN investor!
Here let me help, it's the filing of May 24 2017, and find below an abstract from p. 3/13
"As previously disclosed on a Form 6-K filed on April 14, 2017, on April 7, 2017, the shareholders of the Company authorized the Board of Directors (the “Board”) to file the Articles to (i) provide for authorized capital of Fifty Billion (50,000,000,000) shares of capital stock, divided into classes consisting of (a) Forty Five
Billion (45,000,000,000) shares of common stock, par value $0.0001 per share and (b) Five Billion (5,000,000,000) shares of “blank check” preferred stock, par value $0.0001 per share; and to (ii) grant the Board discretionary authority to effect one or more reverse splits of the Company’s issued and outstanding common
stock at a ratio within the range from 1-for-2 up to 1-for-30,000, at any time prior to April 7, 2018, at the discretion of the Board."
Thank you Antonios! Best CEO in the world
Should Bertsos submit Form 3?
Company is an FPI, they only have to publish one Q during the year and their Q4 till May 10 of the following year.
That is to say, during 2017 they have to publish either Q1, Q2 or Q3 of 2017 and till May 10 2018 they have to publish their 2017 20-F.
So till December 31 2017 they will publish in my opinion Q2 2017, just like they did for 2016. On Dec. 21 2016 they published Q2 2016,
If this is the case, then we will know the current ss in 5 months time, which sucks
I write everything myself, thank you.
I see you don't disagree with me,
I wish this share takes off, really
It is a vessel, M/V Nikiforos, M/V stands for Motor Vessel
If it was a tanker, it would be called M/T Nikiforos, you get the point
Answered with my post #5363
But I was not referring to Yaniv, I was referring to YP. You should read the published 20-F where it says that from January 1 to May 15 2017 BSTN has already converted 400k. of principal and interest of the old 3,000,000 note. And ass per the latest 6-k that you are telling me to read, it says that as of Dec. 18 2017 the balance of the old 3,000,000 is 750,000 principal. So during 2017, BSTN has repaid (and I said probably, not definitely) 3,000,000-750,000 = 2,250,000 of capital and the respective interest accrued of the old note. Leaving a balance of 750,000 which was transferred to Yaniv.
Tell me exactly where you disagree and cite the exact abstracts of the filings please,
Lol, because dilution refers to the number of shares outstanding not the number of shares traded. I mean that YP may have in its possession millions of shares waiting to sell/ dump them.
Is it clear?
And it is in the option of the holder to prepay any portion and at any moment with shares. Which shares are not restricted. Unless you have read something I didn't see.
Till Dec. 2018 the company has to repay the note, either on cash or sgares, either on that date or say 50 % on Maech 18 and 50% on Dec. 18.
The original note with YP was due on 2026, meaning it had a maturity of 10 years and nevertheless it is terminated based on the 6-k we are discussing.
So imho this share has been diluted a lot!
And we don't know yet what has hapoened wuih the rest of the YP notes!