Replies to post #7600 on Top Ships Inc (TOPS)

[MoneyMaker111]

Calculations Update: $1.1M Left (No Wonder)

Because I did my last calculation when volume was 8.32M on 06MAR2018, we'll do 2M more volume for that day (assuming the same rate of issuance of 18.55% of share volume). That's 0.1855 * 2,000,000 shares * 0.145 $/share = $53,795 more from that date.

Now, from March 7th-12th:

March 7th: 0.1855 * 7,530,000 shares * $0.14/share = $195,554.10

March 8th: 0.1855 * 16,760,000 shares * $0.15/share = $466,347.00

March 9th: 0.1855 * 68,670,000 shares * $0.19/share = $2,420,274.15

March 12th: 0.1855 * 27,880,000 shares * $0.20/share = $1,034,348


Adding values from March 6th-12th: $53,795 + $195,554.10 + $466,347.00 + $2,420,274.15 + $1,034,348 = $4,170,318.15

And, finally, $5.27 Million - $4.17 Million = $1.1 Million

Thus, about $1.1 Million worth of shares is remaining (as of end-of-day 12MAR2018) that the Company WILL sell pursuant to the Second Purchase Agreement.

This assumes that shares are being sold pre and post-market as well, which may or may not be the case. Absolute worst case scenario would be $1.5 Million left and best-case scenario would be about half a million left. Either way, one more trading day until completion of sales.


Calculations from when Volume was 8.32M on 06MAR2018:

The ratio of Volume of TOPS offering (shares sold per the Second Agreement) to Actual Sales volume of TOPS for the range of 09FEB2018-21FEB2018 is 18.55%. Since the last filing, and at this rate, about 19.54 Million more shares (18.55% of the 105.37 Million in Volume) have been sold in the offering. The average share price over that range from 22FEB2018-06MAR2018, is about $0.16/share. Thus, as of right now, about $3.13 Million was made in the offering sales, and thus $8.4 Million minus $3.13 Million is $5.27 Million.

Thus, $5.27 Million worth of shares is remaining (as of mid-day 06MAR2018) that the Company WILL sell pursuant to the Second Purchase Agreement.