Imagine a company undergoing a 3-for-1 stock split. When a single share of stock is split into three shares, its ownership stake is also split. Theoretically, its share price is also initially divided by three. Companies can also issue reverse stock splits. In a reverse stock split, multi...
ByAugust 2017, Top Ships, through Kalani, had issued and sold into the market tens of millions of shares of its common stock, vastly diluting the Company's existing shareholders. While Top Ships has allegedly used the proceeds from these offerings to further enrich Pistiolis and his affiliates...