Notes: July 11, 2017 -- the Board of Directors authorized a reverse stock split at a ratio of 1-for-100 on July 31, 2017. The Reverse Split will become effective with the OTC Markets at the open of business on July 31, 2017. As a result of the Reverse Split, every 100 shares of the Company’s pre-reverse split common stock will be combined and reclassified into one share of the Company’s common stock. No fractional shares of common stock will be issued as a result of the Reverse Split. Stockholders who otherwise would be entitled to a fractional share shall receive the next higher number of whole shares. The par value and other terms of Company’s common stock were not affected by the reverse stock split. The Company’s post-reverse split common shares have a new CUSIP number, Y6728Q202. March 1, 2016. -- Paragon Shipping Inc. (PRGN) will effect a one-for-thirty-eight (1-38) reverse split of its Class A Common stock. the CUSIP number will change to Y6728Q145.