I hope were not getting sucked in to day before a r split. Its feels like am I missing something but that little voice says hold off till split news. This is the long weekend before we know, I hope the air will be clear by Tuesday.
Swear, I ain't got a clue, as what they will really do? Would be no problem.. With big enough, R/S, to get stk price over $5.. But till they turn EGLE profitable?? Why would we pay, anything for it?? In last yr. SALT had 1/12 R/S.. Even traded for few days at $10. per shr.. Now trading for little over $3. per shr?? Now, what is this bunch, in charge of EGLE, made out of? It would be no problem, to drive stk over $1. per shr.. But there seems to be some rule, to continue trading on Nasdaq.. Got to have certain amount of stk, in hands of certain amount of stk holders.. If people, ain't buying at 50C? How can they accomplish that?? Count me in as 2 stk holders.. I own a little in 2 different accounts... But regardless!! They need to get stk prce over $1. per shr.. I figure R/S.. Just F'ng over stk holders? If they announce a R/S?? I'll sell those few shrs I own immediately..
If they where going to abort the R split plan why wouldn't they just say so, getting the stock price over $5.00 is high on their list and the only way is a reverse split. seems like you are softening your bashing seen you bought those couple hundred shares I'm still a buyer but I'm not buying more till the split. I'm just holding for now
Just what would that accomplish? I think they done, done away with original plan.. Whereby they were going to have Big dilution, then R/S it?? Don't bet on that.. But, As they just updated Key statistics.. Now outstandings shrs 45M vs 38M.. I think they will keep shrs outstanding at 45M?? And if you check, who really owns Egle.. Institutional investors own 93.9%.. Insiders 2.1%.. Don't leave but 4%, that we own.. Reality, what difference does it make? As to how many shrs outstanding? It's time to quit playing games.. I think this bunch, will turn Egle profitable? On that note.. In past, shr holders lost all the money they invested in stk.. And when profitable.. Officers or whoever, took any earnings.. One way or other? Sad part! Eagle may be POS? But by far.. Pick of litter of all these drybulkers? Supras looking pretty good.. Capes and Panys looking like sheet..
I just checked key statistics board....They have updated it.. Now showing there is 45M shrs outstanding?? Institutional investors own 93.9%..Insiders 2.1%.. Why wouldn't they scrap original plan of big dilution and then reverse splitting it?? If there is only 45M shrs outstanding??? Tht would only leave 4M shrs, held by others.. A mere $2M worth? Why wouldn't they just buy up all that stk? Or all they could for undr $1. per shr.. In the past..Seems all these drybulkers were just F'ng stk buyers, out of their money, selling stk. Now with Supras, leasing at decent prices.. Can Egle become profitable, with like $250M debt?? In watching BDI.. Seems Supras gong to be leasing for like $6K per day.. Now, Let's see what this bunch is made out of??
The Company further plans to file a proxy statement in May 2016 in connection with shareholder approval needed: (1) for the issuance of shares equal to or more than 20% of the outstanding shares of common stock of the Company at the time of the issuance; (2) to increase the amount of authorized shares; and, (3) to effect a reverse stock split
According to March 30 news recapitalization, a reverse stock split is going to happen in may we have 6 days left. what do you think it we'll be 10 to1 or 15 to 1 i'm going with 20 to 1.
They took billions from stk sales..And when bulkers were profitable. They took all the earnings! Egle has already wiped stk holders out one time.. Sent it thru bankruptcy.. Not that this is same bunch that BK'ed EGLE.. But now seems the lenders have it setup, any earnings will flow to them, should Egle, turn profitable Seems they own 90% of stk? Should Egle turn profitable? It won't be profitable enough to matter, to the ones who own that other 10%.. The lenders will be making a bundle, from loans.. Why should they take 90% of profits?? F UM! If they taking it all.. Let them have the other 10% of that stk... In what world, would the stk they are trying to sell? Be worth over 10C-15C per shr? Now should they wake up?? And share with stk holders (Buyers)..Rates for Supramax ain't that bad.. And Egle could become profitable.. But as of right now.. You are buying basically nothing!! Buying Egle stk!! And that is coming from some one who owns a little of it.. But very little.. I can see their thinking.. Dilute stk to like 380M shrs..Then have reverse split.. That would be great for them...If stk holds at .40C-60C, before R/S.. But the stk you buying now? For every 100 shrs. You buying right now could tun into 10 shrs.. Or less?
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The problem.. Best I can figure out? They issued themselves over 300M shrs.. When they give EGLE access to $60M, on a loan?? EGLE still showing they only have like 38M shrs outstanding?? Now they don't know what to do with all that stk? Seems first plan? Big dilution. Then reverse split it? Is'nt looking feasible? But, as it seems they already owned 75% of those 38M shrs? They better figure out something? If you read that last filing.. Seems they scratching their head, as what to do? As of right now?? Are we buying this stk with 38M shrs outstanding or 380M shrs outstanding?? Sad part about all these drybulkers? All the billions they have lost.. Come from idiots buying their stk?? Duh!! I do own a little of EAGLE?? But if these idiots dilute it to 380M shrs.. It may not be worth10C per shr?? Jury out, right now, as what they are going to do?? Stay tuned..
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