For a company which has a risk to go bankruptcy, even $3 is too high. This is a trading stock, not a stock for investment. it can go below $2 at any time.
The WIFI from my IPAD2 stop working after it being upgraded to IOS7. The support asked me to pay $240 to get a replacement. Apple is trying to provide a solution at user's cost only even the problem was caused by Apple.
Or BOD should give more information on other potential bids and why the BOD cannot wait for more couple weeks from those bids.
Why tanking? Huge lose. Negative cash flow. Operating cannot cover interest payment with a huge debt. It possibly goes bankruptcy in next 6 months. Why it is over $2
Spot rate for Supramax is still below $12000 per day with the recent rising. It needs $13000 for cash break even (including interest). It only has $19m in cash with $27m unpaid interest charge. You do not even need to mention the $1.1B debt. They are still struggling on interest payment even with today's BDI number. There is a big chance that EGLE will go bankruptcy next year even BDI can mainten the current level.
Only a #$%$ could not see the big competition in the cell phone industry. Definitely you should had expected the worst thing to happen when you bought stock of a company which has 100% revenue from the cell phone industry.