No no one hear has any clue audio but that doesn't stop them from pumping-we got one who has been pumping since .13--what a guy! goes on and on and never quotes anything of value--like the ships or revenue
Its not worth two mill its worth about 25 mill, so take my analysis for what its worth, not much, I guess we wait, the NBG-Greece crisis maybe involved--NBG needs a settlement for it to support the loans it gave out or took over--my guess is as good as yours--do they want to save the loans? Will they take austerity again or revolt? Waiting..
Oh great we got the stink chiming in now, wonderful, its a good sign, this guy is sharp.
Oh I 'm being overly harsh, the BDIY was #$%$ last six months--But I doubt anyone would give any real money to this 2 million dollar company to buy a 30 million ship--so he lies, and keeps going with the extremely toxic financing, and the shills misrepresent what is clear, its toxic to the core, and these Himils are bottom feeders, so Is Mr. Crede, a guy who hides behind a name--sure he needs a pump, so lets all get the hell out when it comes--hold if you are more than 30% down, or get out with losses now, you never know they might even cook up a bk--and have some friends buy up their 6 rust buckets, the oldest on the water, no doubt.
Told you , now go ahead and be stupid, and buy some of this junk, its your money, bet you Ion will take it.
So they are a 700 mill company with what, 40 million in assets? wow that's truly amazing!
nah, never underestimate greed or greeks for that matter, the won't let the nasdaq money maker go easily, it will continue, the BDIY will bounce as the EU trillion starts to sink in-half that will end up as steel purchases for what else? more construction, more uneeded buildings--but I'm guessing that part. Then come June, the they will r/s about when we should see a QE4, which then leads to China stockpiling steal since more junk to the US, more plastic toys and whatever they make, and it'll turn into, what else, more construction of uneeded buildings--why? Just cause, the managers in China won't want the red and black to show, to keep building and no one will know the bottom line, if they see it, the central bank will dry up the spigot--China is really ten regional economies--and each will try to outdo each other to keep it looking like the times are good--that's how their spigot seems to work--its called state cronysim, much like the US.
As long as there is 2 mill left in market value, Ion will sell these deals--there is nothing left to save, I only understood the China factor recently after long study, it seems they are doing exactly what Itehad and Gulf Airlines are doing ( taking 40 billion sweet deal with the Kuwaiti Govenment "shareholder" Of course the US is king of funny money to friends like Boeing or Raytheon or any of dozens of FED owned corporations, but they will tighten up on the Kuwaitis--but the Chinese have ammo, their bond buying, so they will leave them alone--Chinese would rather buy another trillion of 1.7% bonds or buy handies for their so-called "private" shipper? I bet its the endgame for the industry--but hold FREE, it needs a good pump to .20 and its out with losses, ho hum, bad trades always teach you more :)
No worries mate, the QE4 is about to hit in June, and if it doesn't you'll see a dovish Ellen, Yellen from Kibutzimland to California, her range, about a pause in a rise--no they cannot raise rates, that much should be clear if you consider at 2% growth, the US cannot pay back its debt, and war is a great way to keep everyone guessing how long till the implosion at the FED.
Greece is 2% of EU economy, if you count the black market economy its probably 3% but that only means the 1% don't need the EU and probably half of the 2% don't either--the people who benefit, are they maybe the one who lost the election? I bet they are. And Spain is 4%--what if they get ideas next? Or Portugal also 2%, or how about Italy, which is hurting very badly and at 140% Debt to GDP, and perennially corrupt, how about if they also ask for a "mild" haircut? Its the dominoes that matter, imo and Germany sees this as a think red line, and it will implode them if they don't boot out Greece, which they must accept as a loss--the truth is EU is hurting badly, one trillion "easing" means a 30% devaluation coming in the Euro, they may have a Rothschild Central bank but not like the FED which controls the world's largest navy--no Europe isn't getting out cheap.
No, it will not turn out that good--no one thinks one bill makes a difference--its 250 billion in the hole for Germany--they want out since the Greeks won't take the austerity, and the Greeks know they took the money and its easier to cut and run with the dough, unfortunately, its what it is, as they say lately.
Sorry, you are right, I did make a mistake, its a 21 day VWAP not ten day, and with a 5% limit to daily shorting, so it means 21 day price times volume divided by volume OVER 21 days so you get the average price but Himil gets to cash in at 60% or a 40% discount to VWAP--toxic or what? The 5% daily shorting means about 7 million shares can be shorted daily, then turned in at night for conversion and then back to 7 million more the next day--so they are probably almost done, but what they did was a small pump in the middle, just like CREDE ( is this just crede again with a new name? quite possible), so they pump and dump it down to the bottom and since they are doing upto 7 million a day, it means they rip off everyone by knowing the ups and downs--yes the bankers will make !000% and Ion will get a fat check in his Swiss account, though I can't prove it, I think he gets a cut, or he wouldn't sell us down the river--its all about $s to these unscrupulous people--shipping is just a cover--they make ten times more this way, you are right imo.
Notice Himil's boy bottoms to go is gone--hmmm, surgex by another name--writing #$%$ here like the history of greek shipping, as if that matters with these slick boys who deal with shady "financiers".
Himmil is shorting and selling to themselves in a different account or to buddies like Crede--its called collect 5,000,000 shares, and pay down the short--while CREDE (just a guy with a "name") buys them and waits for the bounce--its called batting the retail from both sides--its what Ion thinks is good business--tell em a ship is coming and take their money in the meantime.
This bottoms to go guy is either just here for Himmil or he is misinforming people--the whole idea is the 60% discounted shares on the 10 day VWAP ( ten day average price times volume divided by volume). He keeps telling everyone that the conversion price is .45--and it is ONLY if its HIGHER--so lots of misinformation going on about this death spiral financing or theft outright by ION and his wall street crew--these are banker crooks feeding their buddies, 80 per cent returns in two short months or annually that works out to about 1000%--People are put in jail for loans above 60% in most countries--so they are legally stealing far more.
these guys deserve it, new ships! short squeeze, such nonsense running around, while we are about to go to a penny or my guess two--and I am not short by any means, but a long! Just don't want any more newbies to get burnt by the greeks.
oh yeah keep waiting for new ships--who in their right mind would lend these guys any real money--besides the CREDEs and other crooks of the toxic financing world?
endlessly and forever, they will keep it up till like NEWL they get booted off the exchange and then they will wind down to .0001 cents, like all other greek scams cooked up in the heady days of 2007