Drys
- Thread starter Port1385
- Start date
going to 2
The current price reflects the fact that this company's solvency is very much in doubt. It would already filed for chapter 11 if the previous debt was not reworked.
So the game is basically if it can outlast the current slump. If it can you will make a killing at the current price, if not the stock goes to 0.
Unlike most companies the ETers like to say they are going bankrupt, this one is literally walking on the edge of the cliff.
Nothing wrong with making a bet, but have NO illusion about what you are getting into.
So the game is basically if it can outlast the current slump. If it can you will make a killing at the current price, if not the stock goes to 0.
Unlike most companies the ETers like to say they are going bankrupt, this one is literally walking on the edge of the cliff.
Nothing wrong with making a bet, but have NO illusion about what you are getting into.
But still , I think book value is around 30 dollars , they issued
new shares and why would they be BK.
new shares and why would they be BK.
what you mean why would they go BK? if the current situation continues, their primary income will not be enough and simply run out of cash. The hope is the outlook improves so they can start charging more to increase the revenue.
The share issued is nothing more than a desperate move to get cash, who in their right mind would issue shares after their stock drops from $130 to single digit? if not to shore up the balance sheet.
really? seriously? book value $30?
again i am not saying dont buy this, it may very well popup 10x or more this year, just know what you are getting.
The share issued is nothing more than a desperate move to get cash, who in their right mind would issue shares after their stock drops from $130 to single digit? if not to shore up the balance sheet.
really? seriously? book value $30?
again i am not saying dont buy this, it may very well popup 10x or more this year, just know what you are getting.