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So you can certain in your way that they repaid $2,250k. (3mil. - 0.75mil.) of debt principal in cash only or a big part of this. I trully hope you're right.
GLTA
Volume is unbelievable.
Lol! Wrong amounts
Seems they were really in a hurry. Page 7/34, paragraph 6 says that BSTN will reissue to Yaniv the amount of $1,000,000 (not $750,000)
Man these guys have other issues in their minds, hope this is all done for the expansion of their fleet!
GLTA
Well said
No, maybe I should add a little note:
What the abstract syas is that on June 2016 BSTN issued to YP a convertible note of 3mil. of which 750k. is due as of Dec. 18 2017. This balance of 750k. is now assigned from YP to Yaniv.
Now correct me if I'm wrong, and I wish I am, but what I understand is that from June 2016 to Dec. 2017 the balance of this specific note moved from 3,000,000 to only 750,000. This could be done either by cash payments or dilution, and judging from the last 20-F it was dilution,
What do I get wrong?
Abstract from the 6-K, page 12/34
WHEREAS, pursuant to an assignment and assumption agreement dated December 18, 2017 (the “Assignment and Assumption Agreement”) YP Holdings, LLC (“YP”) assigned to the Holder, and the Holder assumed, $750,000 of the principal of a $3,000,000 promissory note originally issued to YP, which $750,000 remains due and outstanding as of the date of this Agreement (the “$750,000 Old Note”);
Dilution?
My understanding is thay Yaniv will give YP $750,000 and YP will release $750k. new loan to Boston based on the SPA of 5mil. dollars published in the 2016 20-F.
Yaniv will have a receivable from Bstn and Bstn will use the funds in order to repay Conquistador Shipping and formally get the vessel. For more details on Conquistador read the 20-F.
To conclude for the retards: this is a good 6-k, just 750k. Of convertible debt was added and Bstn will continue with its operations. They will sell Nikiforos on profit and also perform new voyages.
Everybody should buy this share!
Go BSTN
Fujairah is a port where a lot of S&Ps on vessels take place!
Next port Fujairah!! Has the vessel been sold?
It is correct and the vessel stays in anchorage depending on the traffic of each port. No worries on this as all the "inertia" will be rectified through increased revenues. In normal conditions that is of course.
Cool, agree
He will, he won't fuck up
And they are equiped with tgeir own cranes to handle cargo, so they don't need ports' cranes makung them totally flexible as regards trade routes
I hope he is telling you the truth on his emails and he is actually visiting new potential vessels. 2 things are certain:
a) he will land new vessels to the fleet and
b) there will be new revenues reported as the vessel is a working one
So let's just see how he goes, there can't be a total chaos either way, as the dry bulk market keeps soaring last few months, and both freights (revenues) and vessels' value are increaaing.
a) He won't talk to you
b) There was a working ship on R/S as well
c) If there are shipments that are not reported then Bertsos is not treating traders the best way
Agree xyz1002
Way above expectations
Thank you for your consideration
How cute
Thank you
Yes!!! Come on Bertsos, feed us with updates!
Yes, OS is certainly small!
Go BSTN!!!!!!!!!
Already thinking the $$$$$ spending!!!!!!
My $ god!! .0143 and going up!!!!!!
.01418 and going up!!!!!!!!!!
I got a feeling... that tonight's gonna be a good day!!!
$$$$$$$$$$ BSTN $$$$$$$$$$$$$$$
Alright!!!!!!!!!
I need volume here!!!! Go BSTN!!!!!
Let's hit it up today, great news coming!!
Go BSTN!!!!!!!
Crazy $$$$$ here!!!
Sure he is not watching the hub and not writing his replies accordingly!!!!
BSTN is one of an opportunity,
Go BSTN!!!
Bertsos will buy ships!!! BSTN has revenues!!!!
Go BSTN!!!!
Crazy $$$$ here!!!
Yes say this again. Low to no debt, and no dilutive debt I would say. Great dd!!!
Go BSTN!!! Crazy $$$$$$ here!!!
This will go TO DA MOOOOOOOOOOOON!!!!!!!!!!!!! $$$$$$$$$$$$$$
Me neither!! Go BSTN!!!! Best share!!!
I don't believe this. BSTN is the opportunity of a lifetime! It is grossly undervalued.
Go BSTN!!! $$$$$
Nikiforos is underway for the next port. Big money coming!!!
Let's go BSTN!!!!
Everybody should buy this share!!!
$$$$$$$ BSTN $$$$$$$$
Yes probably they will use the gain of the sale as a prepayment and sign a new lease. Apart from the new financing that is coming!!!
BSTN is the deal here!!!
Go BSTN $$$$$$$ !!!!!!
Yes it's gonna be great!! Don't wait for Q2 to be published, nor ss.
Just buy!!!!!!!
Go Bstn !!!!!!! $$$$$$$$$$$$$$