DryShips Inc (fka DRYS)

[Avispa]

https://seekingalpha.com/article/4090564-ongoing-dryships-equity-raise-almost-80-percent-finished-now

"With my expectation for meaningfully increased buying interest going forward, I am now projecting the offering to be finished by mid-August at the latest point and DryShips to potentially avoid another reverse stock split.

Under a best-case scenario, I still expect the company's share count to increase to roughly 70 million at the close of the offering for a net asset value of approximately $7 per share, with the shares currently trading at an 80% discount.

So, my current game plan is to stay a small step ahead of the crowd and positioning in the shares with still $25 million or so left to be raised under the current offering. Of course, I do not plan on holding these shares for longer, I am just hoping for a decent bounce once the end of the ongoing share oversupply will come into sight."