Diana Containerships Adopts DryShips Model (Kalani); Reverse Split Again [Seeking Alpha]
DIANA CONTAINERSHIPS (DCIX)
Last diana containerships earnings: 7/25 07:30 am
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US:NASDAQ Investor Relations:
dcontainerships.com/investors
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Source: Seeking Alpha
Summary Investment Thesis Since Diana Containerships ( DCIX ) seems to have adopted DryShips' (NASDAQ: DRYS ) model (death spiral financing, Kalani & non-stop reverse splits), I expect that stocks will continue to fall until the dilution is over. I believe that averaging down would be a bad idea. Source: Stocksplithistory.com Share Dilution (Kalani) & Operational Performance On July 5th, Kalani reduced its share count from 14.4 million to 2.05 million through a reverse split 1-for-7. Within a month the share count increased by about 200%, from 2.05 million on July 5 to 6.1 million on July 26th. Source: Tradingview The company continues to sell common shares. It seems suspicious that there are no recent SEC filings documenting the remaining Kalani deal. DCIX announced its Q2 2017 earnings results and revenues continue to decline, and the company continues to post operating losses. Their Q2 2017 income statement shows that the
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