Top Ships Inc (TOPS)

[oil export]

According to the announcement there are 4,262,561 ordinary shares(17.6 $ p/s).
There is a debt of $ 1.8 million that can be converted to 1,794,175
There are 1,250,000 options that can be converted into 3,025,000 shares. The conversion of the debt and the raising through KALANI increased the NAV to more than 80 million $. Therefore, the NAV per share after exercise of the options and the conversion is approximately $ 9 per share.