The point is that since the announcement of the agreement for the sale of the six ships at $ 104 million, there was no dilution, even when the share jumped to $ 25 at a very high volume, and there was no dilution. The company may not want to dilute if the share is below the $ 28 price, and it is possible that the sale of the ships will flow the capital they need.
The company has a capital of $ 129 million and 757,000 shares, which is $ 172 per share, which is a very large upside if they continue not to dilute.It should be remembered that any significant change in the number of shares requires notification, and if there was no notice, there was no further dilution in the last month and a half.
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