Looks like she is finally ready to go back up. Th
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Posted On: 02/22/2017 3:12:31 PM
Looks like she is finally ready to go back up. The MM are putting 50m shares at .0003 so it doesn't fall below that. I'e been buying as much as I can at .0004.
I did a SUPER amount of DD on this one. They are leasing one dry bulk ship to do business with. You can actually watch the ship move using the national tracking of ships throughout the world. Today they announced another contract. They have a smaller ship so to reach smaller ports. The large ships like DRYS use huge ships and can sail without 100% capacity used plus, they aren't allowed in some ports. It appears that this ship has been used to follow other ships to their ports as a protector (gun for hire). My guess is when they are idle they use these opportunities to at least make the lease payment. Seeing they already have a sorts of "protection" on board. I'd think the chance of them getting boarded by pirates is less than a lot of other ships. ANY ship that sails Africa/mid-east/India has that slight possibility of being taken over.
Resistance is .0003 if you go back. In the last 20 days it's beenat a high of .0022. Just 5 days ago it was .0014. A double here is just around .0010. With the MM support, I see this going to test the .0022 mark (IMO). Good luck to those holding.
I did a SUPER amount of DD on this one. They are leasing one dry bulk ship to do business with. You can actually watch the ship move using the national tracking of ships throughout the world. Today they announced another contract. They have a smaller ship so to reach smaller ports. The large ships like DRYS use huge ships and can sail without 100% capacity used plus, they aren't allowed in some ports. It appears that this ship has been used to follow other ships to their ports as a protector (gun for hire). My guess is when they are idle they use these opportunities to at least make the lease payment. Seeing they already have a sorts of "protection" on board. I'd think the chance of them getting boarded by pirates is less than a lot of other ships. ANY ship that sails Africa/mid-east/India has that slight possibility of being taken over.
Resistance is .0003 if you go back. In the last 20 days it's beenat a high of .0022. Just 5 days ago it was .0014. A double here is just around .0010. With the MM support, I see this going to test the .0022 mark (IMO). Good luck to those holding.
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