InvestorsHub Logo
Followers 121
Posts 4395
Boards Moderated 0
Alias Born 02/24/2014

Re: None

Tuesday, 03/13/2018 10:31:27 AM

Tuesday, March 13, 2018 10:31:27 AM

Post# of 13306
How price could return to $1.00 without RS:

1. There will be a 6K, statement of foreign issuer, regarding the completion of the final sales agreement, which was officially known as the second sales agreement. This official News Post will come this afternoon or tomorrow afternoon, likely. Yet, at the latest, it will come sometime this week.

2. Then, top ships has about 3 weeks to get the share price up to a dollar, assuming they are not granted an additional extension by NASDAQ.

3. Given the previous Spike of about 700% in November 2017, the ending of these sales agreements create a unique buying phenomenon. The idea that this could be the last sales agreement could exacerbate this phenomenon. That move alone could happen within a week or two, well before the three-week deadline.

4. Finally, there could also be an extension of that deadline, taking any reverse stock split likelihoods off the table.

5. Additionally, something that people don't really think about is this: like with DryShips, when there was some discussions about lawsuits based on the Kalani agreements and previous financing Arrangements, DryShips had a legal incentive to shapen up before the courts. After the stated lawsuits, they backed off from any toxic financing. The timing of that could happen again as for whatever reason, as TOPS has not announced reverse splits up to this point. This is bullish.

6. Given the final amount of shares outstanding, and relative spike in NAV, the share price could approach $1 anyway naturally.
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent TOPS News