its takes no brains to all to see the pattern is meant to trap, its is well designed like a glove--Ion is the source of all evil in this world, he is "greece" and the "right" to rip off investors is in the blood--oh take most of the aid money, like greece, then reneg, so clever really, its the same with this company.
These dopes were born to lose, unless they like to lose, which is the real truth, so humourous.
i wouldn't listen to the fool Gato either, but he does say the truth, and that is the part that hurts, that is exactly what Ion seems to be doing, get his pay for the year from a company now valued below bankruptcy, but why blame Ion or Gato? Ion has no choice, and when the ship is sinking who would he rather enrich? His loyal shareholders who he wiped out from thousands of dollars a share, or his friends ( who may even have some money for him later on) at various toxic financing "shops" ( perhaps the very family that controls the socalled "preferred") My suspicions are it is the controlling family that are bankrupting the shareholders, but perhaps its just how hopeless BDI is--when things get this sour, all bets are possible.
Lets be honest for a change, who has made money here in 5, or lets say 7 or 8 years? ION gets his two and half million, off the top, the company gets maybe 6 million in revenue and blows through 35 million in losses a year or really lets say 41 million in losses since that is a net loss. For a company with boats at carry value of 75 million (minus 12 million for the sale of their best boat, sale value of 45 minus the 12 again so 33 million--so its simple, they got till december or they will have zero value and its headed that way right now--on the plus side, they won't BK, that much is clear from the last two financings, but there is only a million left in value--ah yes so there is a disconnect, it has been overshorted, we might even be lucky and ION with his useless LSE education, might know something, he might even be smart enough to set up the two sales against each other, but be careful of the pumpers, they lie lie lie, --one kept telling everyone nonstop for a month the last sale would mean .46 was the warrant price ( now its .24 with the last finanincing) but without pointing out that the it states the lesser of these deliberately misleading numbers, or 60% VWAP--have a brain for a change and stay away or join the misery of these hell creatures, the pumpers like u know who.
Pumpers, ah well enough said, one in particular is annoying to all of us, since he suckers people into his losing bet--its a shame to bring down others with yourself--think it through buddy, life is short. Dumpers, well its our friend and CEO Ion, who has sucked out all value, leaving the shareholders as fools, leaving them crumbs, its the way of incompetent people everywhere--and people lacking in morals in general---his day will come, but he already is a what he is so , I guess it can't get worse. Stumpers: How do we get out of this mess? Will the company finally fall off Nasdaq and that is the end? Or is this another NEWL that fooled us by staying on Nasdaq? BDI is certainly the main culrprit, so don't give up hope, DRYS is doing about as well and we are not done for yet by any stretch--hold and prosper, imho, but run if you must, its scary, this is toxic financing--they can't survive another one of those 500K sell off of stock for 60% of VWAP--that is pure insanity--think about it.
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.