They are almost always announced. This is not an honest Greek shipper, nothing about Greece is honest when it comes to business and money. This is nothing more than a pump, then they will continue to bilk the money out of it and then dump......just like all of the others. Same #$%$ as Drys and Orig.......basically a ATM for the owners at the expense of the shareholders.
I will say one thing , it is really rare and strange for a company to announce the date of the actual RS ..... I have NEVER seen a company do that ..... Usually after being approved , it is just a "surprise" on the actual day of RS .... weird ...... an honest Greek shipper , go figgur ...... FREE and NEWL slaughtered the commons with RS's and SPO's , and you got no warning of the date of the RS , you just woke up to an RS one morning .......
They are still hanging on. They are going to have a 10 for 1 stock split July 15 2015 and they participated in some forum in March of this year. I don't see how a company worth $.71 with a -.40 EPS can offer much advise to a forum. Their financial documents look kind of scary.
I only own 1000 shares, I bought the stock because at some time demand for shipping is going to go up and when I bought the stock they paid a dividend. If I was going to sell, I would have done so when they cut the dividend.
That attitude has been the downfall of many a speculator I am sure.
Germany benefited from the Euro keeping prices low as compared to the Mark.
If Greece leave the Euro then maybe the Euroseas shipping rate will be the cheapest in the World.
Don't take anything I type too seriously I am just typing out loud. I don't think too many people will read this.