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Star Bulk Carriers Corp. Message Board

houtech0829 128 posts  |  Last Activity: 8 hours ago Member since: Dec 23, 2009
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  • Reply to

    Shorts

    by petarbuku 10 hours ago
    houtech0829 houtech0829 8 hours ago Flag

    How many shares short Petar?……just keep an eye on NAV……remember what happened last year……when suspension was announced……it jumped 50 cents and went up from there……Good Luck

    EOM

  • Reply to

    Ex-Rights Day

    by houtech0829 Apr 23, 2014 6:46 PM
    houtech0829 houtech0829 14 hours ago Flag

    This info has already been made available to the public…..via press release, company web, SEC filings, brokers, etc……it not a big secret to anyone that wants to know…..we’re only discussing what is already known to the public……thanks for your concern…..but I doubt what we say here will have any impact on the outcome.

    EOM

  • Reply to

    Ex-Rights Day

    by houtech0829 Apr 23, 2014 6:46 PM
    houtech0829 houtech0829 Apr 23, 2014 10:22 PM Flag

    Sounds like a good strategy Nokker,…….I know you’ve done it before and I’m sure you’ll do very well again……good luck.

    EOM

  • Reply to

    Ex-Rights Day

    by houtech0829 Apr 23, 2014 6:46 PM
    houtech0829 houtech0829 Apr 23, 2014 9:57 PM Flag

    Yep, as long as you are in before x-date….then you are eligible for the rights…..then you can sell your shares after…..if you don’t want to keep them…..just like the divvy run.

    I’m sure it makes sense to them…..keep in mind there are many players using different strategies…buyers, sellers, day traders, swing traders, shorts, speculators and perhaps the MM…..as I said before…there are many ways to make money here…..your only limited by your ability ……and what the market gives.

    EOM

  • Reply to

    Ex-Rights Day

    by houtech0829 Apr 23, 2014 6:46 PM
    houtech0829 houtech0829 Apr 23, 2014 7:40 PM Flag

    Thanks Nokker, don’t know about this year…..guess we’ll have to wait and see what happens…..good luck with your strategy. :-)

    EOM

  • houtech0829 by houtech0829 Apr 23, 2014 6:46 PM Flag

    X-date to participate in the RO will likely be Tuesday 4-29-14…..since it’s 2 business days before the Record Date 5-1-14.

    Also for those who participate in RO…..will likely pay the $4.73 for their RO shares…..since the actual subscription price won’t be determined until after it expires…..and will likely be less…..but you’ll get additional shares for the difference in price.

    EOM

  • Reply to

    For houtech only

    by vujicmi Apr 19, 2014 10:48 AM
    houtech0829 houtech0829 Apr 23, 2014 5:58 PM Flag

    Petar, Last year I was able to sell the shares I purchased to get the Rights…..before RO expired…..that’s why I only had RO shares after…..no need to average down that way.

    EOM

  • Reply to

    For houtech only

    by vujicmi Apr 19, 2014 10:48 AM
    houtech0829 houtech0829 Apr 23, 2014 11:19 AM Flag

    Careful Vuji…..remember the first rule…..never chase the share price……especially if it spikes on high volume……it will eventually come down again…..sometimes the best trades are the ones you don’t make……you can always go with plan B if you miss your price.

    EOM

  • Reply to

    For houtech only

    by vujicmi Apr 19, 2014 10:48 AM
    houtech0829 houtech0829 Apr 23, 2014 10:27 AM Flag

    I wouldn’t say Nokker is wrong……he just has a different strategy……if you think about it……many strategies can be used to make money here…..for example, last year I played both sides……went short to bring down the price…..then covered and went long……and as I mentioned before…..some will play the swings…..it is only limited to your ability……good luck

    EOM

  • Reply to

    For houtech only

    by vujicmi Apr 19, 2014 10:48 AM
    houtech0829 houtech0829 Apr 23, 2014 9:19 AM Flag

    Vuji, if you read the following info……you are not limited to just 1-3……and 100% over-subscription…..but I can buy your RO shares too…if you don’t buy them…..and if 26 million RO shares aren’t enough…..they will register another 26 million RO shares to accommodate over-subscriptions…..bottom line…..how many shares do you want?......money talks.

    EOM

  • Reply to

    For houtech only

    by vujicmi Apr 19, 2014 10:48 AM
    houtech0829 houtech0829 Apr 22, 2014 9:33 PM Flag

    N-2A……Amount being registered 26,257,375……Over-allotment shares also being registered…..maximum offering price $4.73.
    The close of business on May 1, 2014 as the record date for determination of shareholders entitled to participate in the Fund's 1-for-3 rights offering. Each shareholder will receive one non-transferable right for each share of the Fund held as of the record date. For every three rights a shareholder receives, he or she will be entitled (but not required) to purchase one new share of the Fund at a subscription price equal to the greater of (i) 107% of net asset value per share as calculated at the close of trading on the expiration date of the offering or (ii) 90% of the market price per share at such time. Fractional shares will not be issued. In addition to the shares offered in the primary subscription, the Fund may offer a 100% over-allotment to oversubscribing shareholders. Shareholders who fully subscribe in the primary offering will have the option to oversubscribe for additional shares, to the extent available.
    Shareholders on the Record Date may purchase Shares not acquired by other Shareholders in this Rights offering (the “Offering”), subject to certain limitations discussed in this Prospectus. Additionally, if there are not enough unsubscribed Shares to honor all over-subscription requests, the Fund may, in its sole discretion, issue additional Shares up to 100% of the Shares available in the Offering to honor over-subscription requests.

    More info from prospectus.

    EOM

  • Reply to

    Why are they doing this offering?

    by hubcap1234_00 Apr 22, 2014 6:27 PM
    houtech0829 houtech0829 Apr 22, 2014 9:13 PM Flag

    Yep, they need the money……they do RO’s to raise money……so they can continue to pay out the high divvys.

    EOM

  • Reply to

    Va?lue of investment

    by franco41rome Apr 20, 2014 6:23 AM
    houtech0829 houtech0829 Apr 22, 2014 8:56 PM Flag

    Don’t waste your time Cat……he made the same comment in January.

    EOM

  • Reply to

    Shorts backing off?

    by jackomusic2 Apr 22, 2014 10:43 AM
    houtech0829 houtech0829 Apr 22, 2014 7:43 PM Flag

    There’s no hurry Jack……still have over a month to go……Volume just above average today, probably day traders and perhaps some late comer’s……I guess with the holiday, they made announcement on Monday……What we know so far…….The short interest for 4-15-14 will be out in a couple of days…..and wouldn’t be surprised to see over 2 mil……3-31-14 Short interest @ 1.7 mil……4.38% of float…..short ratio 5.2…….could see swings around 0.23 on a given day…according to these numbers…..remember last year RO suspended due to 10% decline in NAV.

    N-2 filed 3-20-14 NAV=$4.16

    N-2A filed 4-21-14 NAV=$4.21

    EOM

  • Reply to

    HISTORY OF RO

    by nokker1 Mar 28, 2014 1:28 PM
    houtech0829 houtech0829 Apr 22, 2014 6:21 PM Flag

    Don’t forget the Over-allotment for additional shares available…..which can give you 3-3 or more usually….that’s what I’m doing.

    EOM

  • Reply to

    NAV = $5.38 as of 4-11-14

    by houtech0829 Apr 11, 2014 5:53 PM
    houtech0829 houtech0829 Apr 14, 2014 6:46 PM Flag

    Yep, not as bad as CRF down 4%

    EOM

  • Reply to

    Big drop in NAV

    by nokker1 Apr 11, 2014 6:37 PM
    houtech0829 houtech0829 Apr 14, 2014 9:15 AM Flag

    Yep, with x-date Friday and market down…..NAV takes a hit…..check out CRF down 4%.....Ouch

    EOM

  • houtech0829 by houtech0829 Apr 11, 2014 5:53 PM Flag

    NAV declined 0.18 or 3.14% from last week of $5.56……OUCH!!!

    EOM

  • Reply to

    Predicted NAV as of 4/11

    by ezmoney8 Apr 11, 2014 11:52 AM
    houtech0829 houtech0829 Apr 11, 2014 2:27 PM Flag

    He’s talking about NAV…not the share price.

    EOM

  • Reply to

    Calculating the Dividend!

    by macbride247 Apr 11, 2014 10:47 AM
    houtech0829 houtech0829 Apr 11, 2014 11:13 AM Flag

    The divvy for the year is based on 21% of NAV at the end of Oct. for the following year……simply multiply 21% times current NAV of Oct 31……then divide by 12 months…..gives you what the monthly divvy will be.

    EOM

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