Globus Maritime Limited (GLBS)

[macdwatcher1]

Glbs is very oversold. However because of the massive dilution from all the private placement offerings. The dilution completely offsets the technical indicators which show very oversold. If the O/S share structure was still 93 million. When thing would whip past 40 cents and possible get to 60 cents. The people who bought into the private share offering probably covered their investment by short selling the shares they bought from the private share offering. That’s why u don’t here complaints from the investors who bought the private share offering at 33 cents at 27 cents and the recent one at 18 cents. However you slice if Greek scam fraud on how to cook the books. And you don’t even know what the company did with the monies the company got from
The three differentprivate placements. And you may never be able to put book value on the share price. The next move for GLBS? A 1 for 16 reverse stock split. All the Greek shipping companies do the same dirty tricks