Seanergy Maritime Holdings Corporation (SHIPW) News

New 6-k link
https://www.otcmarkets.com/filing/html?id=14518332&guid=-zWeUeuhhSstWth

Weeeeeeee 0.15

Beautiful close 0.1 coming

https://docoh.com/filing/1448397/0001140361-20-013251/SHIP-6K

Going up!

Glta!

The warrants are .01. It’s one for one execution but it’ll cost you $2 to strike.

What is the price he said it was.

I heard the price is 3.74

Thanks

Yeah I called my broker this morning. The warrants are cheap the only problem is the strike price is two bucks. Ridiculous.

Owning 1 warrant gives you the right to purchase 1 share of ship at the strike price.

Thus if ship ever gets too say $4.00 you could buy that share if you own a warrant for the set strike price.
Strike price is synonymous with exercise price. (same meaning). Ok.




https://www.investopedia.com/articles/trading/10/warrants.asp

Glta

Maybe someone can tell me if I got this correct:

SHIP warrants are .01

Warrants can be executed to shares for .08 each.

So I can essentially get shares for .09?

Correct?

I LIKE IT @.01

WHAT'S going here ????????????????

some moves being made..

In May 2010, the Company acquired a controlling interest in Maritime Capital Shipping Limited, which owns nine Handysize dry bulk carriers. In May 2010, the Company acquired a controlling interest in Maritime Capital Shipping Limited ("MCS"), which owns nine Handysize dry bulk carriers. In September 2010, the Company completed the acquisition of the remaining 49% in MCS and in October 2010 it completed the acquisition of the remaining 50% in BET.

Following the MCS and BET acquisitions, the Company owns a fleet of 20 drybulk carriers (four Capesize, three Panamax, two Supramax and one Handymax and ten Handysize vessels) with a total carrying capacity of approximately 1,292,544 dwt and an average fleet age of 13 years.


The Company's common stock and warrants trade on the NASDAQ Global Market under the symbols "SHIP" and "SHIP.W", respectively.

i agree keep a close eye on SHIP and if SHIP moves in the coming days,weeks,or months this warrant SHIPW can run BIG from here imo considering the expiration isnt til end of Sept 2011..so plenty of time for this SHIP to bounceback and make these warrants start ablazin imo..and maybe amaze specially if SHIP really starts waking big here which i think is possible!

yep all you need is just a few down here to make some money, gonna be a good one if it all pans out

aha nice yah i was over at SHIP board posting..was debating whether or not to start a SHIPW board this past weekend..nice to see someone did lol.)warrants still have plenty of time to move up from here specially if SHIP starts waking here obv. Im rollin the dice as i believe shippers overall bout to make a nice turnaround!))DF

this might tank bigm time to pay their debt. wow looks like you might see under a penny soon and for a long duration. They need to dillute big time here.

Earnings report will be released a week from Tuesday followed by a conference call the next day, Nov. 17th. They own 20 drybulk ships with a total carrying capacity of 1,292,544 dwt and an average fleet age of 13 years. The company has quite a lot of debt.

Oh, and I think CEO Dale Ploughman earlier said that all 20 ships recently went out on time charter for the next year or so. Seems like a pretty fungible, commoditized company.... Predictable earnings from its assets like 20 rental apartment buildings, with any upside to come slowly as time charter rates change, and as the debt is paid off.

I note that the Baltic Dry Index has been flat for the past several months. Anybody want to take crack at valuing it prior to the earnings? Know any comparable shipowning companies?

first post lool