Can someone please explain how the offering works. If you have say 1,000 shares you can than in the future purchase another 1,000 shares for 2.75 a share? What if the price goes to 4 dollars, can you purchase shares still at 2.75? If the price did rise would not major shareholders with large share counts buy all the shares up right away out of those 36 million shares leaving no shares to purchase for the average Joe?
If the price did rise the shares would be gone right away it seems to me. Maybe the catch is you cannot sell for 6 months and buy that time we are back a dollar again and the Greek Shipping Reverse Split Olympic Games resumes. Hope not.
If you want to buy how do you place the order so you get it at the 2.75 share price rather than the current market quote of that time? Thanks for answering these questions for me and others who are also wondering how to order these shares and how it all works. Like everything with this company sure its probably a scam to help the CEO but if it finally can benefit the longs than it could be a great offering that may help to stabilize the share price as people will not dump there shares like usual. Maybe it will make this a safer investment, if one could ever call any of these Greek Shipping Companies a safe investment over the last 10 years unless you shorted Drys, Tops, Orig, Dcix, Etc.
