Paragon Shipping Inc. (PRGNF)

[carusso]

Yes, and most of the buying Yesterday was in the .0065 to .0075 range. From years, I note that Friday's tend to be low points for some Greek shipping companies. Maybe because markets in that region of the world are closed or closing for the weekend when US markets are opening on Fridays, so low volumes in that region of the world affects prices here. We could get some momentum by next Tues/Wed?

We have 8 or 9 trading days to see this above .01, which will take away a major part of the argument for allowing a RS. I suspect many were against it, thus the 2 week adjournment to see what to do strategically. We need to get this back to .08-.10 without any RS, and when the sector gains force later this year, they can get conventional financing, or if necessary, do an equity issuance. If they can get this back to .08-.10, they could raise a great deal of capital selling then discounted shares at .05-.06.