Castor Maritime Inc (CTRM)

[iamadog]

My personal opinion on this stock is at some point they will let this run. I think they will get another 180 day extension which will give them more breathing room to get price back over $1.00 . This was purposely driven down to this level so they can accumulate a lot of cheap shares before they cut it loose. This stock is way undervalued with 6 revenue producing ships. Makes no sense for a billionaire to make it to Nasdaq just to lose status that quickly. This stock will eventually reverse probably be pushed back to at least the offering price and then do a reverse split to make compliance. This is just my thoughts based purely on my thought process. This stock is being heavily shorted and purposely being held down here. There is also the possibility of a squeeze play there are several catalysts still in play . Earnings in November, dry bulk rates are rising, possible announcement of another ship purchase and also still waiting on last ships first contract. Lots of reasons for a strong reversal.