It will be interesting to see if they can get at or above $1 trade before the end of next week. With the powerfull suport at 90 cents during a down day like today, my guess is they will make it. BDI has been awfull all this week. Out of drydock at 11k/day for 2 or 3 months is not a good sign. It's all built in the price.
On oct. 3rd I posted a likely scenario called "When to buy SBLK". 3 Months ago. Although I never and now do not say it is a sure thing[nothing is], it is becomming much more likely. If you have an open mind, go back, read and think. Numbers are estimates.
I definitely do NOT want a reverse split. Been there, done that. Not good for existing shareholders. Usually done to avoid a delisting. A reverse split isn't needed yet anyway. The stock has to stay below $1.00 for 30 consecutive trading days before the Nasdaq would send the co. it's first warning letter, in which they would be notified that the co. has six months the get the stock back above $1.00 The stock will have to stay below $1.00 until Jan.31st before the warning letter would be sent.