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sludgehound

07/29/14 11:10 AM

#365474 RE: iconoclassic #365473

Should mention Baltic DI +.5 to 747 TOPS

After that fast final flush rush to 'bottom' BDI thing been on bit of a climb past few days. Example stock:

TOPS pop. 2.044 + .274 +15.5% Thin but fast.

09:02 AM EDT, 07/29/2014 (MT Newswires) -- TOP Ships (TOPS) shares are up 1.7% pre-market after the owner and operator of fuel efficient tanker vessels, said it decided not to proceed with a share offering.
The company said it has withdrawn the Registration Statement on Form F-1 that was filed with the Securities and Exchange Commission on July 14th, 2014.
"The last month, and especially after the filing of our registration statement, our stock price has receded by about 20%," said Evangelos Pistiolis, CEO. "Despite the fact that we have identified some excellent investment opportunities, we decided not to proceed with an offering at this point in time."
Pistiolis pointed out that the company is trading at what may the largest discount to net asset value in the sector and the company is "optimistic" that gap will narrow as it focuses on growth.
The shares recently traded at $1.80, near the bottom of a 52-week range of $1.75 - $20.51.
Price: 1.85, Change: +0.08, Percent Change: +4.52
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