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$$$$$$ BSTN!!!! $$$$$$$$
Everybody buy, hell of an opportunity
Get ready they will sell the vessel anyday now
Go Boston!!!!
$$$$$$$$$$$$$$
Yes and we will reach 50% of the price before May's R/S
What else could we ask for?
Hail to management, we will be rich and have a lot of money!!!
BSTN love $$$$$$$$$$$$$
Yes, yes go BSTN!!!! $$$$$$$$$$$$$$$
Lot's of $$$$$$$$$$$$$$4 for BSTN!!! $$$$$$$$$$
C'mon guys let's see some action here!
BSTN $$$$$$$$$$$$$$$$$$
$$$$$ BSTN $$$$$$$
Don't let this share get cheaper!!!
BSTN $$$$$$$$$$$$$
People, buy this one while it's cheap!!!
Go Boston!!!
BSTN $$$$$$$$$$$$$$$$$
Because they have spent approx. 3,2 mil. $ as of Dec. 31 and it's worth 4,5 mil. $. They will probably use the profit in order to buy a new vessel (finance the purchase). Of course they could repay some convertible loans but this will be probably done by dilution. Nevertheless there is a strong opportunity out there!
Go Boston!! $$$$$$$$$
Guys they will sell the vessel on gain. Buy now!
To da moooooooooooon!!!!!!!!!!
Again: Bstn about to sell the vessel with huge gains!!! Everybody buy this share!!!!!!!!
#bstn $$$$$$
This is a traders community, investors don't act based on day to day activities like voyages/ revenues
Bstn about to sell the vessel with huge gains!!! Everybody buy this share!!!!!!!!
#bstn $$$$$$
At least he will file Q2 statements the latest till Dec. 31 so you will get an idea.
Yes sure
Yes sure
So major debt is not eliminated as you said on your post #4380.
It is not negativity, it's called clarity; you do realize that there are people that could believe you in "major debt is eliminated" and buy shares just because of this and the press releases regarding the revenues (not profits), the revenues of the company.
No that would not help the share price go up, that's for sure
What is the dd to supprot that it is "grossly undervalued"?
No they're not. How do you know company's major debt is eliminated, as you said on your post #4380?
How do you know major debt is eliminated? Can you elaborate for the rest of us?
4-5mil. vessel with 10m. Debt, guess who is paying the difference.
That's fundamental for me.
And again, you should know the profits, not barely revenues.
The vessel is used as it should be. Do you have any published evidence that operations were profitable during 2017? Should the company provide you with some basic figures?
Just asking
Again, take into account the amounts borrowed in order to purchase the vessel and to finance operations when bdi was at its worst.
Don't fall in love with this company, could cost you a lot
You don't see or don't understand the blank shares. Think how this could effect your "investment".
OS was 3m. As of May. Take intk account the shares issued to Bertsos which was 4 mil. and should have been issued latest 60 days after May 15. Then also add the debt conversions which turn capital owned to common shares. Also add the 200,000 usd in shares, regarding the 2016 salaries of 2 BoD members. Just read the matrix included in the 20-F, the one that contains major shareholders of the company.
Finaly when attributing value of the vessel to each share, you should deduct the liabilities shown on the balance sheet or at least the loans, because in this company's case the vessel did not fall from the sky.
“Because Americans are the dumbest investors around, and there’s lots of liquidity in this market.”
Read this
https://ftalphaville.ft.com/2017/07/14/2191463/because-americans-are-the-dumbest-investors-around-and-theres-lots-of-liquidity-in-this-market/
I think they could release some basic Q3 figures among with ss but this would mean they are ethical and treat shareholders as investors, not traders-sheeps. Aa long as they see people go crazy because the vessel does what a vessel is supposed to do, then they don't care on releasing anything more than the prs. According to Vesselvalue platform, vessel is worth approx. $4,5mil. You should read the 20-F and how much they have already spent on the vessel to do a basic dd.
Whoever says it is a debt free/ no dilution company should read post 3981. I wish they finance their new vessel with something non dilutive but time will tell on this regard
They did not. And most of this debt is convertible. You should write a letter to the retard (or shall I say to this company's trustee) that issued an article the other day saying that it is a debt free company where no dilution takes place.
That would be traders, not investors. I cannot use another word for someone who buys shares of a shipoing company because he reads day to day announcements.
You like this guy?
Again: read post 3981, contains dd on OS and filing obligations of the company
Read post 3981
Yea everybody buy this share, no dilution.
a) As per 20-F the company has 1,7mil. stock-based compensation to provide to President and major owner Bertsos and 2 BoD members. Only 1,5mil. attributable to Bertsos are restricted for 4 years, nevertheless he has established a RS protection clause in his contract, just read it. 1,5mil. worth of shares are to be issued to Bertsos wirhin 60 days of May 15, 2017, it;s in their 20-F.
b) 230k. of convertible debt capital,
c) 7,49mil. (yes milions) of derivative liability of convertible debt
d) 654k. accrued interest out most of which is related to convertible debt,
e) Vessel value is around 4,5mil. as this is what you get for a 1996 vessel with these specifics nowdays,
f) And there are people that have allocated a pps value to the shares they wish to trade,
g) Let's wait until the company sells th vessel and see whether they will repay their convertible debt with the excessive cash or with dilution,
And also bare in mind that they have not included in their 20-F the dilution from debt conversion as a risk to the shareholders,
They only own 1 vessel and have not yet published the Financial Statements they are obligated to. Each FPI has to publish year end and one "interim: period statements, so during 2017 BSTN should publish for example June 30 2017 or September 30 2017 statements and during 2018 they should publish December 31 2017 statements. So let's just wait to see when they will publish June 30 or September 30 statements.
Buy this share and hold it tight
Fraudulent 20-F they try to hide YP %
In page 88 we are informed that 90,2% + 9,1% + 1,7% equals...91,5%
Funny I would say the least. What is funnier is the way they inflated (Bertsos and his employee) the % of ownership of these 3 major shareholders in order to hide YP %. 90,2% is 31,850,000,000 Bertsos shares divided by 15,309,713,626 shares as of reporting date plus 20,000,000,000 i.e. divided by 35,309,713,626 and not by 33,614,444,445 which is the figure of the table.
Same goes for Fred Pier shares.
The obvious reason they did this is hide the % of YP which is to become an affiliated party (with the respective trading restrictions) if its % of ownership exceeds 10%. As per the 20-F, there were 2,640,046,960 shares issued to YP from January 1 2017 to May 15 2017. Taking 15,309,713,626 o/s as of May 15, the % of YP is approx. 17% and in order to be below 10% YP should sell more or less
1,240,000,000 (before R/S of course), which for whoever has the slightest brains is impossible.
Further in case YP % exceeds 5%, then YP should be subscribed as an underwriter with SEC. This is the same case as Kalani for Dryships.
So buyer, be aware of this SCAM, because they steal stupid people's money to finance their negative cash flows.
Hopefully there will be complaints filed against this POS and its mgt. like the ones filed against DRYS and GE.
Guys this is same case with Dryships. Read the link below for a nice summary.
https://globenewswire.com/news-release/2017/07/14/1047199/0/en/Pomerantz-Law-Firm-Announces-the-Filing-of-a-Class-Action-against-DryShips-Inc-and-Certain-Officers-DRYS.html
The above is one of about 15 class actions lawsuits filed last couple of weeks.
Instead of Kalani investments they use YP Holdings (mostly, as they use other firms too) and everything is included in their 20-F.
Instead of 7 RSs, they did one so far of 1-5000 and their goal at this point is to generate money from shares, ie steal investors’ money.
One can be more descriptive on this, but there is no need to, just see DRYS on Stocktwits, it will be very entertaining.
As far as OTC evolution, the guy that send them the email, just think that based on their 20-F, there are only 2 employees on BC, Bertsos and one other guy. So there is no "IR relations team". Wake up. And further everything written in the response received is pure crap.