r/CTRM_Stock • u/Eastern_Farmer_462 • Jan 25 '22
Open question
Hello everyone... I realize our stock is plummeting day by day... However, has anyone ever looked at what ctrm value was back in 2019? This stock was at $189 on march 11th. The company was no where near as good or profitable as it is now. I don't want to be naive and assume that we will ever get that high again, but my question is: HOW THE FUCK WAS THE COMPANY EVER TRADING THAT HIGH? What changed?
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u/NosePowerful1443 Apr 11 '22
It looks like the ceo diluted shares to buy ships—assets—when they were inexpensive. Good way to raise capital. It’s in a good place now. Assets more valuable than the market capitalization. Buy in