Replies to post #1814 on Paragon Shipping Inc (PRGNF)

[redsky7]

It is China and the order for 3 ships

was a cancellation due to lack of funds.
You can find this on form 6-K dated Oct.
03, 2016. You can find their 6-Ks on
this site. Go to the "quote page" and
scroll down to the bottom.

Their last 6-K is for Nov. 16, 2016.
If you read that one you will find out
they took out a "toxic loan" of $500,000
that will be converted into common A stock
on Nov. 16, 2017. So this means dilution.

Some how I had overlooked their 6-Ks. But
the good news is that PRGNF has no debt.