Top Ships Inc (TOPS)

[xray168]

Company may repurchase up to $5.1M of its shares, representing ~10% of market cap as of August 14, for a period of 3 months.

The company may decide to extend its term or increase the authorized amount by another 10% to 15%

If they plan to purchase $5.1 million worth of stock the initial purchase is 4 million shares? reducing outstanding to 35 mm.

If they plan to add up to 15%, at what dollar amount will they do that?!? assuming its still between 1-1.7 if it goes lower that would be an additional 4-6 million shares....

at 1.50-2$ range it would eliminate at a minimum another 2.5 million shares available. At what price will the company buy the shares if additionally they decide to do so....

company potentially purchases 6.5mm shares.... potentially reducing shares from 39.83mm to 33.3 mm shares... current Cap of 68.5mm. Estimated Net asset value of 180mm. Net Asset Value alone of 2.63 a share...

Pump and Dump history? what if this time is different? Typically its never different just a different ride of people.... The company has a horrid track record...

If the company has 0 dilution which is plans to arrange for that successfully. If the CEO and company dont unload shares on the market and instead purchase them to hold it will continue to drive.... A lot of what ifs and alot to bank of a CEO who has diminishing credibility.

If the company "Actually" abides by its set guidelines and acts for its shareholders as publicized with incremental stock buybacks, that may alone be enough to keep the stock marching much much higher. I am highly skeptical of the news and waiting for an implosion. Time will only tell. It seems like a pure Gamble rather than an investment given the companies track record. Sure seems exciting to say the least... Classic Pump and Dumps don't reinvent the wheel they just try the same tactics in different ways and traps new cycles of retail investors. GLTY