Now has offering stamped on it.-- Whether it happens depends on what the market and underwriters will allow. They may have trouble getting a good price. Offering good for SBLK, bad for share holders. No offering bad for SBLK, Maybe bad for share holder as price deteriorates.
Should of sold last month when I was considering buying more but didn't and lost more.. So I got out on a market sell to lock in all my big losses two days ago. I just don't see SBLK anything but a loosing bad investment. The next thing to me seems to be an offering to raise funds for SBLK. which would be more bad news for us.
Not always the case, although certainly is many times the case. SVVS was below a penny before their reverse split after which it eventually got bought out by CTL for about $40. Not saying it always works out well, but it does at times. Unlike other companies, SBLK does have some assets and long-term contracts, and not much market cap- so it has a chance to weather the storm.