DSX - Why I Initiated A Trading Position In Messy Junior Dry Bulk Shipper OceanPal

• Discussing outrageous terms of recent capital raise.
• Shares have remained under pressure in recent weeks likely due to insiders disposing of their remaining holdings.
• Outlining additional dilution potential from Preferred Convertible Stock issued to former parent Diana Shipping.
• Last month's offering might have been the prelude to a long streak of alternating equity offerings and reverse stock splits like already exercised by some of the company's peers in the past.
• Despite the messy overall picture, a rebound trade could yield substantial profits. Given the risks involved, only the most speculative investors should consider this idea.

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