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Monday, March 12, 2018 11:45:52 PM
Because I did my last calculation when volume was 8.32M on 06MAR2018, we'll do 2M more volume for that day (assuming the same rate of issuance of 18.55% of share volume). That's 0.1855 * 2,000,000 shares * 0.145 $/share = $53,795 more from that date.
Now, from March 7th-12th:
March 7th: 0.1855 * 7,530,000 shares * $0.14/share = $195,554.10
March 8th: 0.1855 * 16,760,000 shares * $0.15/share = $466,347.00
March 9th: 0.1855 * 68,670,000 shares * $0.19/share = $2,420,274.15
March 12th: 0.1855 * 27,880,000 shares * $0.20/share = $1,034,348
Adding values from March 6th-12th: $53,795 + $195,554.10 + $466,347.00 + $2,420,274.15 + $1,034,348 = $4,170,318.15
And, finally, $5.27 Million - $4.17 Million = $1.1 Million
Thus, about $1.1 Million worth of shares is remaining (as of end-of-day 12MAR2018) that the Company WILL sell pursuant to the Second Purchase Agreement.
This assumes that shares are being sold pre and post-market as well, which may or may not be the case. Absolute worst case scenario would be $1.5 Million left and best-case scenario would be about half a million left. Either way, one more trading day until completion of sales.
Calculations from when Volume was 8.32M on 06MAR2018:
The ratio of Volume of TOPS offering (shares sold per the Second Agreement) to Actual Sales volume of TOPS for the range of 09FEB2018-21FEB2018 is 18.55%. Since the last filing, and at this rate, about 19.54 Million more shares (18.55% of the 105.37 Million in Volume) have been sold in the offering. The average share price over that range from 22FEB2018-06MAR2018, is about $0.16/share. Thus, as of right now, about $3.13 Million was made in the offering sales, and thus $8.4 Million minus $3.13 Million is $5.27 Million.
Thus, $5.27 Million worth of shares is remaining (as of mid-day 06MAR2018) that the Company WILL sell pursuant to the Second Purchase Agreement.
Recent TOPS News
- TOP Ships Inc. Announces Commencement of Time Charter at Very Strong Rate an Increase of 36% Over Previous Time Charter • GlobeNewswire Inc. • 05/02/2024 01:43:29 PM
- TOP Ships Inc. Announces Transfer of Listing to the NYSE American LLC • GlobeNewswire Inc. • 04/11/2024 08:30:00 PM
- Top Ships Inc. Announces Filing of 2023 Annual Report on Form 20-F • GlobeNewswire Inc. • 04/01/2024 12:30:00 PM
- Form SC 13D/A - General statement of acquisition of beneficial ownership: [Amend] • Edgar (US Regulatory) • 02/14/2024 10:27:23 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/14/2024 07:59:13 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 02/07/2024 02:45:04 PM
- TOP Ships Inc. Announces Vessel Refinancings and Full Redemption of Series F Perpetual Preferred Shares Held by Related Party • GlobeNewswire Inc. • 02/07/2024 02:23:00 PM
- TOP Ships Announces Share Repurchase Program • GlobeNewswire Inc. • 12/14/2023 01:30:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 12/14/2023 01:14:04 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 12/12/2023 01:30:04 PM
- Top Ships Announces Increase From Previously Announced Management Estimate of Net Asset Value to $344 Million and Contracted Revenue Backlog of $400 Million • GlobeNewswire Inc. • 12/12/2023 01:30:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 12/07/2023 01:30:05 PM
- TOP Ships Announces Increase in Shareholding by Pistiolis Family to 73% Via Full Conversion of Preferred Shares and Open-Market Purchases Demonstrating the CEO’S Commitment to the Company • GlobeNewswire Inc. • 12/07/2023 01:30:00 PM
- Form SC 13D/A - General statement of acquisition of beneficial ownership: [Amend] • Edgar (US Regulatory) • 12/06/2023 09:30:09 PM
- Form SC 13D/A - General statement of acquisition of beneficial ownership: [Amend] • Edgar (US Regulatory) • 12/04/2023 09:30:11 PM
- Form SC 13D/A - General statement of acquisition of beneficial ownership: [Amend] • Edgar (US Regulatory) • 11/30/2023 09:30:11 PM
- Form SC 13D/A - General statement of acquisition of beneficial ownership: [Amend] • Edgar (US Regulatory) • 11/28/2023 09:30:07 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 11/22/2023 02:15:04 PM
- TOP Ships Inc. Announces Extension of Time Charter Employment for Two VLCC Tankers • GlobeNewswire Inc. • 11/22/2023 02:15:00 PM
- Form SC 13D/A - General statement of acquisition of beneficial ownership: [Amend] • Edgar (US Regulatory) • 11/08/2023 09:30:06 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 10/31/2023 08:30:18 PM
- Form SC 13D/A - General statement of acquisition of beneficial ownership: [Amend] • Edgar (US Regulatory) • 10/17/2023 12:00:25 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 10/16/2023 12:30:06 PM
- Top Ships Inc. Announces Compliance with NASDAQ Minimum Bid Price Requirement • GlobeNewswire Inc. • 10/16/2023 12:30:00 PM
- Form SC 13D/A - General statement of acquisition of beneficial ownership: [Amend] • Edgar (US Regulatory) • 10/04/2023 09:17:52 PM
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