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Thursday, October 16, 2014 6:37:54 PM
The old common shares were cancelled and replaced with "new" common shares. Old shareholders got a 0.5% equity interest plus 7.5% in warrants. 0.5% equity of the new share structure is the mathematical equivalent of a 1 for 107.6 reverse split before dilution and warrants. For example, if you owned 100,000 shares of Eagle Bulk Shipping yesterday you now own only 929 shares today.
At yesterday's close, 100,000 shares was worth $68,000. Today those 100,000 shares are now 929 shares worth $14,678 for a loss of 78% over night (not including the warrants). On top of this the outstanding share count is now more than double what it was yesterday so that $289 million market cap you see on Yahoo isn't accurate: it's closer to $600 million
Recent EGLE News
- Star Bulk Carriers Corp. Reports Net Profit of $74.9 Million for the First Quarter of 2024, and Declares Quarterly Dividend of $0.75 Per Share • GlobeNewswire Inc. • 05/22/2024 09:16:32 PM
- Eagle Shareholders Approve Merger With Star Bulk • GlobeNewswire Inc. • 04/05/2024 01:12:35 PM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 03/04/2024 10:22:16 PM
- Form 425 - Prospectuses and communications, business combinations • Edgar (US Regulatory) • 03/04/2024 10:19:44 PM
- Form 425 - Prospectuses and communications, business combinations • Edgar (US Regulatory) • 03/04/2024 09:37:15 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 03/01/2024 01:32:35 PM
- Eagle Bulk Shipping Inc. Reports Results for the Fourth Quarter of 2023 • GlobeNewswire Inc. • 03/01/2024 01:30:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/27/2024 11:14:50 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/27/2024 11:13:01 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/27/2024 09:42:52 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/27/2024 09:40:51 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/27/2024 09:39:19 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/27/2024 09:37:30 PM
- Form 425 - Prospectuses and communications, business combinations • Edgar (US Regulatory) • 02/26/2024 09:19:21 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/20/2024 08:00:33 PM
- Form SC 13G - Statement of acquisition of beneficial ownership by individuals • Edgar (US Regulatory) • 02/14/2024 09:25:45 PM
- Star Bulk Carriers Corp. Reports Net Profit of $39.7 Million for the Fourth Quarter of 2023, and Declares Quarterly Dividend of $0.45 Per Share • GlobeNewswire Inc. • 02/12/2024 10:30:00 PM
- Form DEFM14A - Definitive proxy statement relating to merger or acquisition • Edgar (US Regulatory) • 02/12/2024 09:15:08 PM
- Form SC 13G - Statement of acquisition of beneficial ownership by individuals • Edgar (US Regulatory) • 02/09/2024 02:54:47 AM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/06/2024 02:36:39 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/18/2024 09:56:05 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/04/2024 09:15:54 PM
- Kuehn Law Encourages EGLE, ICVX, RAIN, and AYX Investors to Contact Law Firm • PR Newswire (US) • 01/03/2024 07:57:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/19/2023 10:00:46 PM
- Form 425 - Prospectuses and communications, business combinations • Edgar (US Regulatory) • 12/12/2023 10:18:26 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM
VAYK Exited Caribbean Investments for $320,000 Profit • VAYK • Jun 27, 2024 9:00 AM
North Bay Resources Announces Successful Flotation Cell Test at Bishop Gold Mill, Inyo County, California • NBRI • Jun 27, 2024 9:00 AM
Branded Legacy, Inc. and Hemp Emu Announce Strategic Partnership to Enhance CBD Product Manufacturing • BLEG • Jun 27, 2024 8:30 AM
POET Wins "Best Optical AI Solution" in 2024 AI Breakthrough Awards Program • POET • Jun 26, 2024 10:09 AM
HealthLynked Promotes Bill Crupi to Chief Operating Officer • HLYK • Jun 26, 2024 8:00 AM