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Euroseas Ltd. Message Board

  • csbordone csbordone Dec 5, 2013 3:40 PM Flag

    This is what is going to happen

    esea is one of few shippers that did not do a reverse split. At the current stock price of $1.25 they can not issue stock. if reverse split of 1 to 4 the share price would be $5. they will then issue 5m shares and raise 25m.This is what egle,prgn,gnk did to grow their fleet. delution will drive down stock price but in long run it will be a possitive. esea fleet is 18yrs old, sb and prgn fleet are only 6 yr old and still buying new ships

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