Replies to post #7629 on Top Ships Inc (TOPS)

[MoneyMaker111]

I fully agree with you. But if we already know what's coming regarding the 6-K and the required bullishness from TOPS management (to hold the share price as high as possible until April 9th to avoid delisting), why would people wait for the obvious positive impending news? Best to be involved now while shares are excessively cheap. IMO. They cannot and will not reverse split at this time because they would lose the stock listing which has been their only vehicle to a successful balance sheet, post-financing of course.

[MoneyMaker111]

Let's play out some scenarios:

Let's assume the stock climbs to $0.33 after the 6-K.

Then, let's assume that price holds a horizontal line until March 27th.

If that were the case (which history shows us that it's not), then the management would, as an absolute last-resort do a 1 for 3 reverse stock split. Yet, where would the price go? Do you think it would go below $1.00? No, it can't, because TOPS management would lose the NASDAQ listing. Your shareholder value would stay the same: a price increase x 3 and a share amount / 3. They would do EVERYTHING to boost shareholder value above $1.00. That is a free and required support level at $1.00. If that were the case, then a R/S would actually be OK.