Mar. 15 at 5:42 AM
$RBNE
RBNE was spun off from CTRM and TORO, and all three still have basically the same management team, which is a red flag.
$TORO is up roughly 128% over the last year, while
$CTRM is down about 20% and RBNE is down around 95%, so clearly management is focusing on creating some value in CTRM at least.The big squeeze in RBNE back in June 2025 made it popular with retail, and since then management has used every big pump as an opportunity to dilute. In my view, RBNE is their ATM while they try not to let CTRM and TORO fall under 1 and risk delisting. That’s why I think, long term, they’ll try not to completely kill RBNE either – they need that retail interest.Technically, there’s support around 1.48. If that breaks, 1.20 is on the table. I’d watch how the whole tanker/oil shipping sector trades into Monday’s open and decide based on that. For anyone still holding, the realistic goal is to try to exit on a future spike with a smaller loss, not to marry the stock.Do your own DD. GL.
