Hi Mihail Stoyanov thanks for the great write up! I saw you mentioned another share dilution round always creeps around the corner and I was wondering if the companies are issuing equity at depressed prices.
More often than not, shipping nanocaps do exactly what you said: issuing equity at depressed prices and further diluting their shareholders. For more details on that, check my write-up about the most epic shitco, Rubico Inc:
Thanks for responding! I’d love to connect further if possible. Would you be interested in jumping on a short call? What would be the best way to contact you further?
Hi Mihail Stoyanov thanks for the great write up! I saw you mentioned another share dilution round always creeps around the corner and I was wondering if the companies are issuing equity at depressed prices.
Thanks for your kind words.
More often than not, shipping nanocaps do exactly what you said: issuing equity at depressed prices and further diluting their shareholders. For more details on that, check my write-up about the most epic shitco, Rubico Inc:
https://theoldeconomy.substack.com/p/want-to-buy-a-suezmax-tanker-for
Thanks for responding! I’d love to connect further if possible. Would you be interested in jumping on a short call? What would be the best way to contact you further?
Rubico at current price might be interesting nanocap
Good point.
Missed including it in the list.