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Affymax, Inc. (AFFY) Message Board

heterodontbull 6 posts  |  Last Activity: Nov 3, 2014 9:06 PM Member since: Sep 10, 2013
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  • Reply to

    next dividend??

    by jamollamaman Oct 30, 2014 9:04 AM
    heterodontbull heterodontbull Oct 30, 2014 6:00 PM Flag

    Hey Audio, remember me? Ha, well time for you to get all worked up and mad, because I'm back and looking to start positions in FREE and DRYS. Give me your worst!!! XD FREE is finally debt free with this last dilution and looks like they are in a position that won't accrue any more debt!

    Sentiment: Strong Buy

  • heterodontbull by heterodontbull Oct 30, 2014 11:26 PM Flag

    After this dilution they will have enough money to pay off the rest of their debts. With their remaining vessels with good management they won't accrue anymore debt and can start to make some cash. Dilution will sink the PPS I am thinking the lowest it can go though is .08 - .10 range. BDI is gaining momentum and the sector could get a surge where FREE always gets pumped. This is a tricky one to play, watch for an entry and have an exit strategy minimizing loss if things do not work out.

  • Reply to

    next dividend??

    by jamollamaman Oct 30, 2014 9:04 AM
    heterodontbull heterodontbull Oct 30, 2014 11:29 PM Flag

    Not officially yet, they are diluting again to raise cash to pay off the last bit of their debt. It will be gone soon. Watch and see.

  • Reply to

    next dividend??

    by jamollamaman Oct 30, 2014 9:04 AM
    heterodontbull heterodontbull Nov 3, 2014 5:02 PM Flag

    Hahaha, they diluted more shares for nothing in return? Good one man. Geez.

  • heterodontbull by heterodontbull Nov 3, 2014 5:09 PM Flag

    They are greatly reducing their debt while doing a lot of chartering. Looking at their F1 SEC filings they are making on the conservative side of $500,000 - $600,000 a month. Pretty soon all their debt will be gone and the BHSI rates are going up. While the bottom price may not be set in and another reverse split is inevitable. Keep on watch, this is a good swing trade for a penny stock.

  • heterodontbull by heterodontbull Nov 3, 2014 9:06 PM Flag

    Told Audio after this latest dilution of shares they recently sold to Crede it would raise enough money to get them nearly debt free.

    Audio told me "They are not. A shareholder, Crede, is selling. FREE gets nothing from the sale"

    So Free Seas inc. gave 17,500,000 shares to Crede Capital for nothing? Do I got this right Audio? LOL

AFFY
0.127-0.0035(-2.68%)Dec 19 3:29 PMEST

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