Top Ships Inc (TOPS)

[geocam]

$TOPS Anyone else think the bounce will be decent on this one?

The 5:03 6k seems like good news...
http://ih.advfn.com/p.php?pid=nmona&article=73917249

Eco Seven is currently a party to a shipbuilding contract with Hyundai Mipo Dockyard Co., Ltd. for the construction and purchase of one 50,000 dwt product/chemical tanker, which is expected to be delivered on February 28, 2017. Eco Seven is also a party to a time charter agreement that is expected to commence upon the vessel's delivery at a rate of $16,500 per day for the first three years, and at the charterer's option, $17,500 for the first optional year and $18,500 for the second optional year.

and an extension of the credit facility... that's not bad, right? lol
http://ih.advfn.com/p.php?pid=nmona&article=73917249

On February 21, 2017, the Company amended and restated the Family Trading Credit Facility (the "Amended Family Trading Credit Facility") in order to, among other things, allow the Company to remove any limitation in the use of funds drawn down under the facility, reduce the mandatory cash payment due under the facility when the Company raises capital through the issuance of certain securities, remove the revolving feature of the facility, and extend the facility for up to three years.