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TOPS / Top Ships: Proposed Suezmax Tanker Spin-Off Represents An Interesting Speculation

Top Ships: Proposed Suezmax Tanker Spin-Off Represents An Interesting Speculation
Top Ships' stock price has dropped by 98% since my last update on the company as the vicious circle of relentless dilution and subsequent reverse stock splits has continued unabatedly. The company has used the funds obtained from diluting common shareholders literally beyond recognition to build a diversified fleet of state-of-the-art tankers that are employed under long-term contracts. On Wednesday, Top Ships announced the proposed spin-off of the Suezmax tanker Eco Malibu into a new publicly-traded company named Rubico Inc. Read More
Posted: Jun 22 2023, 23:01
Author Name: Seeking Alpha
Views: 110214

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Top Ships: Proposed Suezmax Tanker Spin-Off Represents An Interesting Speculation

By Seeking Alpha
June 22, 2023

Top Ships: Proposed Suezmax Tanker Spin-Off Represents An Interesting Speculation

Top Ships' stock price has dropped by 98% since my last update on the company as the vicious circle of relentless dilution and subsequent reverse stoc more_horizontal

Why Is Top Ships (TOPS) Stock Up 30% Today?

By InvestorPlace
February 13, 2023

Why Is Top Ships (TOPS) Stock Up 30% Today?

After struggling through a chaotic period following the coronavirus pandemic, tanker vessel operator Top Ships (NASDAQ: SHIP ) may finally be seeing s more_horizontal

Why Is Top Ships (TOPS) Stock Down 59% Today?

By InvestorPlace
December 5, 2022

Why Is Top Ships (TOPS) Stock Down 59% Today?

Top Ships (NASDAQ: TOPS ) stock is falling hard on Monday after the ocean shipping company announced the pricing of a public offering. According to a more_horizontal

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