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Top Ships Inc. (TOPS)

NASDAQ Capital Market - NASDAQ Capital Market Delayed Price. Currency in USD
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1.0983-0.1017 (-8.4750%)
At close: 3:59PM EDT
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  • s
    sams
    sams
    3 months 3:RV 9000 shares to 1 the price was 10000 WHAT RULE IS TO ALLOW COMPANY TO DELETE SHARE HOLDER VALUE
  • Q
    Qaiser
    Qaiser
    I feel like there will be one more R/S before this stock settles
  • Q
    Qaiser
    Qaiser
    any good news on tops?
  • M
    Michael
    Michael

    The post split shares outstanding were 600K
    According to their last 6K they have 4.6 million shares outstanding.

    Happy trading

    https://www.sec.gov/Archives/edgar/data/1296484/000091957417006310/d7597559_6-k.htm

  • V
    Vincent
    Vincent
    The complaint in that lawsuit reads accurately to me. With all of those warrants in place, the family of the CEO gets majority ownership in the company while the common shareholders have been wiped out.
  • M
    Michael
    Michael
    Let's do the math and see if TOPS is a good investment
    May 1st you buy 1,000,000 shares
    May 11th a 1 for 20 reverse split
    Now you have 50,000 shares
    June 23rd a 1 for 15 reverse split
    Now you have 3,333 shares
    Aug 3rd a 1 for 30 reverse split
    Now you have 111 shares
    At today's close your shares are valued at $147.63
  • V
    Vincent
    Vincent
    I see that Gamer has deleted all of his posts again. He slams other people for telling him not to buy TOPS, and then he hides his insults instead of owning them.
  • G
    GAN
    GAN
    Here is my take on the share issue:

    This is as at July

    TOP Ships Inc. (the "Company") announced today that since July 14, 2017 it has issued and sold 1,299,401 common shares par value $0.01 per share pursuant to its previously announced purchase agreement by and among the Company and Kalani Investments Limited dated February 2, 2017, as amended (the "Purchase Agreement"). As of the date hereof, up to $6.3 million worth of shares is remaining that the Company may sell pursuant to the Purchase Agreement. Mainly as a result of these issuances the Company currently has issued and outstanding 1,925,000 shares. Also, as of the date hereof, the Company has 4,325 Series C convertible preferred shares outstanding.
  • V
    Vincent
    Vincent
    If "Gamer" really had the holdings he claimed, he is currently being gutted. I doubt we will hear from him. He said his cost basis was $1.37 per share, but he always deletes his posts.

    • Gamer
    16 hours agoReplied to a reaction
    DryShips Inc.
    I looked at most of the SEC fillings, and it is the reason why I bought TOPS. My average is 1.37/share 350k shares total. I gambled with DRYS and I made 200k. I did not expected it I got it back this quick.

    He claimed to own $500,000 in TOPS stock, and he claimed to have added another $50K or 50k shares.

    I don't like to see people lose money, but he spread false rumors and wouldn't listen to anyone about the reality of TOPS.
  • V
    Vincent
    Vincent
    The stock is down 9000:1 and you think shorting is criminal?

    Newsflash: shorting this stock made some people wealthy. If you're upset with someone, talk to the directors who paid themselves $1.5 million bonuses when the company had no cash on hand. Then they borrowed money against Kalani to pay for things.

    Shoot, this company just borrowed another $3 million last month. They borrow money often, and in amounts which look to be covering monthly operations.
  • G
    GAN
    GAN
    For anyone who would like to get rewarded, write to SEC and expose Kalani and other Gangs manipulating and Naked shorting the stock. You will get handsomely rewarded, I'm convinced what is going on here is JUST NAKED SHORTING.

    GL!
  • d
    doc2465
    doc2465
    You would think that regaining listing compliance would be a good thing. You would also think that Kalani only having $3m more to sell would also be a good thing but now that they have a clean slate on compliance, what will keep Kalani from selling it back down to .20?
  • d
    d
    d
    Remember, they don't have to try to support the price anymore. They can let it drop under $1 and not worry about delisting for at least 210 days. 30 days below, then 180 to cure the deficiency. That it will go under $1 seems inevitable. Might be another reverse split if it gets too low.
  • d
    dean
    dean
    I check in on this once in a while just for laughs. This has to be up there with one of the biggest con jobs in history.
  • G
    GAN
    GAN
    Today's price rise will force these crooks to convert their warrants
  • V
    Vincent
    Vincent
    I feel bad to burst Gamer's bubble, but he has no idea of how to read an SEC filing.

    As of June 30, 2017, upon exercise of 1,250,000 Warrants, Race Navigation would be issued 8,900,000 Common Shares.
    As of July 14, 2017, upon exercise of 1,250,000 Warrants, Race Navigation would be issued 15,575,000 Common Shares.
    As of August 8, 2017, upon exercise of 1,250,000 Warrants, Race Navigation would be issued 1,887,500 Common Shares.

    "Would be issued" ---- not "Were issued"

    These statements are issued after stock splits or material events.
  • E
    Eric Tallaksen
    Eric Tallaksen
    After doing some research TOPS looked like a promising stock to get.
    But my 1,000 shares that a bought turned into 33.33 shares when they did the split.
    My 1,000 shares were worth about $300.00, now my 33.33 shares are worth $43.00. and on top of that there was a fee i had to pay when the split happened.
    FYI, TOPS is not a good buy right now.
    FYI, the stock market is a gamble with anything.
    Good luck.
  • L
    Longfeng
    Longfeng
    Should I buy Tops? seems it going to split to $10😂
  • G
    Gamer
    Gamer
    Daytraders go away. TOPS is not for you.
  • V
    Vincent
    Vincent
    This stock was at 23 cents per share before the first of three reverse splits was announced.

    So it's dropped from $2,070.00 per share to $1.22 as of this posting.

    That is a rough three months.