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DCIX DIANA CONTAINERSHIPS INC

anonymous 2 years ago 0

On or about 20170324 DCIX is/was going to issue the first slice of 3000 preferable convertible shares at a price of USD 1000 each. Conversion is possible at USD 7.00 or at 92,5% of a future share price range (averaged) or at a minimum of 0.50 per share. Current price is about USD 1,55.

Details about the "prefable" conditions are not published. Other slices are expected.

I am just wondering what is the deal for the buyer of the 3000 prefeable vonvertible shares.

It looks like there are hidden attaractions that might go at the cost of the current holders of common stock.

Am I just the only one wondering--- please provide comments.