euroseas limited
Like VYNE’s therapy, COVID-19 impacted the launch, but Rx trends are also rebounding, with the company expecting peak sales to reach $150-$200 million. Shares of SPI Energy Co. Ltd. soared 54% in premarket trading, but that paled in comparison to the 1,236.5% rocket ride on massive volume in the previous session. Reference is made to that certain Equity Distribution Agreement, dated October 30, 2018 (the "Agreement") between Euroseas Ltd., a corporation organized under the laws of the Republic of the Marshall Islands (the "Company"), under which the Company has heretofore issued and sold through Maxim Group LLC (the "Agent"), as sales agent, common shares of the Company, par value $0.03 per share (the "Common Shares" and the Common Shares sold pursuant to the Agreement, the "Shares"). Announces Charter for its Intermediate-size Container Vessel, C/V Akinada Bridge, Declaration of Option for the C/V Synergy Oakland and Sale of C/V Ninos, Euroseas Ltd. Reports Results for the Six-Month Period and Quarter Ended June 30, 2020, Euroseas Ltd. Sets Date for the Release of Second Quarter 2020 Results, Conference Call and Webcast. This Amended Master Management Agreement (the “Agreement”), dated as of February 7th,, 2008 amends the Master Management Agreement dated as of September 29th 2006 and amended on the 17th of July 2007 between Euroseas Ltd. (the “Company”), in its own capacity and as agent for each of its vessel owning subsidiaries identified in Schedule A hereto together with any additional subsidiaries that may acquire vessels in the future (the “Subsidiaries”) and Eurobulk Ltd. (the “Manager”). interest income), (Gain) / loss on interest rate swap derivatives, net, Amortization of below market time charters acquired. TVOE is the sum of vessel operating expenses excluding drydocking expenses and general and administrative expenses. Euroseas operates in the container shipping market. All terms not defined herein shall have the meanings given thereto in the Loan Agreement. Interest and other financing costs for the first half of 2020 amounted to $2.4 million compared to $1.5 million for the same period of 2019. He continues to put an Overweight rating and $19 price target on the stock, implying 319% upside potential. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. The move involves $75 million in restructuring costs, some 70 redundancies and the closure of its Bawal plant, walking away from a market worth about 17 million bike and scooter sales a year. About Euroseas Ltd.Euroseas Ltd. was formed on May 5, 2005 under the laws of the Republic of the Marshall Islands to consolidate the ship owning interests of the Pittas family of Athens, Greece, which has been in the shipping business over the past 140 years. Vessel operating expenses were $8.5 million in the second quarter of 2020 as compared to $5.0 million for the second quarter of 2019, mainly due to the increased average number of vessels operated due to the increased number of vessels in the Company’s fleet. Words such as "expects," "intends," "plans," "believes," "anticipates," "hopes," "estimates," and variations of such words and similar expressions are intended to identify forward-looking statements.
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