Thanks for putting/comparing numbers from other similiar companies .. One adjustment to your numbers is that they have had a couple of convertible notes and as of the beginning of August OS was around 93M.. look up the filing from the beginning of the August. . I'm thinking another 30M has been added through second note and has been converting and this is exactly what is keeping pps down.. there's not enough buying pressure right now to move it up but shares are getting accumulated here by all these who knows that it is a matter of time for pps to recover.. That to be said market cap is probably around $1.5mln which is still very undervalued. . BDI is true indicator that shipping industry is recovering through 2016.. they did all necessary adjustments to cut expenses by selling older ships to survive this tough time.. CEO letter to shareholders from June makes me to keep hanging here and accumulating ..glta TEUFF
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