Top Ships Inc (TOPS)

[Kabuli]

Rest assured the RS is coming, current OS 48.3 million and $8.8 is left to convert, with current price at $0.47 you can expect at least 50-60% more share dilution, and that’s not the end, because if you remember their previous bank financing? They have to sell another $5 million dollars worth of shares to pay for that too. But if you read the filling you will know that Pistiolis is not done yet with offerings he wants to grow the company and there isn’t any better way to sell shares and buy ships. while the company is a small cap that needs to stay on Nasdaq and can not afford to have a huge shares structure. So expect RS before the end of year.