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I'm in @ $29 and wonder if this drop is so the Co. can do their stock buyback on the cheap ?
Ameritrade has short interest up from 0% to 4.4% this week. Wouldn't touch it with a 10ft pole ! I learned my lesson after jumping in after the 4th R/S.
As I read the Co. statement, The Greek has a Co. called Sierra that bought 98.2% of yesterdays stock & options . This guy has shown no interest in looking out for investors. Beware !
"If U were in it for the long haul"? If U owned 100,000 shares in 2016 and were in for the "long haul", U would have less than 1 share today ! That's Drys business model ! Some Lawyers were only looking for clients who lost $500,000 and $1 million ! That's Drys !
These shares have no voting rights. Only the Greek and his family have voting rights. This has been a con from the beginning . Has anyone EVER been to a Co meeting or received any paperwork asking them to vote ? No ! Could he raise the share price ? Of course he could . Who will buy this unless U R a newbie who gets fooled by all the pumping . The MO has been to sell worthless shares and R/S them, rather than borrow money they would have to pay back . There is enough proof of what a scam this Co. is if U do a hours worth of D&D. I'd like to know why some think that Seeking Alpha facts are wrong . Why after 8 R/S, law suits, and ongoing SEC investigation is this a buy ?
Who, in their right mind would risk buying this junk after 8 R/S and yet another Ponzi financing scheme? If U R too lazy to do any D&D, look up Seeking Alpha articles on this con job and ask yourself when has Mgt. ever done anything for the holders of this turd .
What shorts ? TDA has shown 0 shorts for a week or more . Those that act as though this is an investment are kidding themselves . I got in after the 4th R/S and lost 40% in a few days . What are they up to now 8 ? After his deal with Rabbi Kalani went south, they have come up with another ponzi like scheme to prop up the share price around $2.75 . Very little up side as I have never seen Mgt. do anything for shareholders, and a whole lotta downside .
U R right . This is basically a private company as these shares have no voting rights . Having a line of credit from some foreign bank means nothing . Why would the Greek use a bank loan he would have to pay back, when he can sell worthless shares thru his NY buddy, Rabbi Kalani, and owe nothing ? Drys tells the Public exactly what it is going to do after each company meeting (think family dinner). I and many more have tried to warn people about this train wreck . Some people here are no doubt working the boiler room to put perfume on this stinker . As the great American poet, Ron White said," You Can't Cure Stupid".
What debt ? The Greek buys the ships cash . His family has all the voting shares . He sells worthless shares to buy ships and owes nothing . Why would anyone use a bank loan when people who can't do an hours D&D on this disaster give U money for junk shares ?
What is it that people don't get ? The Company tells the share holders at every meeting that they have voted to have as many R/S as needed . Nothing illegal about it . Why would the Greek borrow money from a bank which he has to repay when he can sell worthless shares to dreamers . "Nobody ever lost money underestimating the ignorance of the American people".
It appears that they sell shares to shorts, shorting their own Co. and then the R/S . This pattern has repeated itself over and over again and I can't blame them . Why would they borrow money from a Bank, when they can sell worthless shares all day long. One day they will run this to hook a new generation of dreamers.
Look at the History of this junk . The odds of betting on red or black are so much better than burning cash on this . For those who do have the money to throw away, good luck but you have to think this will never change . After 5 R/S in a year, why would you expect anything different ?
There are no secrets here . Company tells you exactly what is going to happen and the lemmings leap to their death . Basically, if you buy this you're a dope or a masochist ! This is not a business model. It is a financing scheme that works as long as there are desperate or greedy people. I suppose he will take this scheme right to the pennies and keep going . Money is money !
There have been law suits against this Co. The court rightly found that the Co. told the investors (suckers) exactly what it was going to do and was not responsible for their losses . If you look at this scams history, why would anyone but the most desperate waste money here ? There was a 1/4 reverse earlier this month taking the price to $2.34 . The remaining 25% has seen the share price cut in half for a 80% + loss . They have done this 5 times in the last 12 months and are telling everyone they might have to do this again (May?) Save your money and let us know how that law suit works out !
Look again . 17mil shares short out of 150mil out is not 78% . Last I looked, TD Ameritrade says 45 mil shares out and no shorts to speak of ? UR right to sit back and watch the carnage . This price is less than .50 if U own it more than a week .
Hey Aass ! Then why isn't it $13 ? What analyst, a zoo chimp ? Go to post 36770 and read the Seeking Alpha article about this toxic financing scheme . It will explain what a fraud this so called company is . Put your money in a fire pit, it will last longer 1
Look at 3 things before you buy a stock , 1. Profitability
2. Management 3. History
This scam never did pass the smell test on any one of them . I donated my share, but like a Tornado, I can't help but watch as it wrecks everything in it's path . History alone should tell anyone to run, don't walk away from this money pit .
I looked this up on TD Ameritrade and it shows DRYS up $1.36 . HA! If anyone wants in on this, just burn the cash in a fire pit and at least you will get some heat and pretty colored flames !
Does anyone realize that this will need to get to $10 tomorrow just to get where it is today ? It is more likely to tank again . Took my 40% haircut but can't help watching this train wreck go forward . Good Luck in finding your miracle but throwing money at this scam is like sky diving without a chute .
Why are people so shocked ? What analyst ever gave this junk a buy rating ? I've seen dozens of the in 30 yrs. CEO's have gone to jail and come out to their Palm Beach homes, Met Life runs nice little Ponzi schemes with Chilean ADR's, etc. We got in DRYS hoping to catch a run somewhere but sometimes the bull gets you ! I haven't bought junk like this in 10 yrs. I hope it'll be another 10 before I do this again . We are all greedy but I got bored sitting on cash waiting for the big correction . Don't bet your eating money !
Well I just jumped back in @1.10 . This is junk any way you look at it but I'm bored since I sold everything to wait for the big correction and buy real stocks again . I made as much this year as all of last and can throw away $5k. This is not an endorsement for DRYS.
same odds as in Vegas ! Buy Amazon for the future and remember not to bet your eating money ! Especially here !!
A lot of folks own !000's of shares . I am sitting on 3k myself . It's $10 or bust ! Let the games continue .
TD has short interest at 0 ? Drys was 51% short just a few days ago . A good sign of a move up from here ?
Saw Kramer and jumped in. This looks like it could be a keeper for 2017 .
Called the Lawyer yesterday and have not received a callback ? I believe if you want to join an appraisal suit, you have to vote no and notify the Company that you wish to join in an appraisal suit . There are no guarantees the price will be negotiated higher, but by the looks of the accumulation, the fix is in for those hooked up with council to get more than the $6.70 buyout price . Time is ticking, the meeting is the 12th ! Whenever MetLife is the ADR sponsor, run the other way.
Why are the shorts all gone ? Why is there accumulation now @6.50 ? I do not think it is for .10 or .15 cents in a month . Something is going on behind the scenes . Whatever happens, this is my last ADR . Luck to all !
Proxy vote being taken. Voted "No" on first 2 questions and "Yes" on the last question. Let's see if there is enough dissent to push the buyout price higher? Luck to all!
3 days until meeting . Is it a coincidence that shorts dried up to zero and all of yahoos paid bashers are back in their cells under lockdown . It is anybodys guess what will happen on the 12th but I held on and expect a deal to be reached for 7.50 or more . All the insiders have been buying @ low 6's and will pay themselves a nice little profit and hopefully avoid any legal action. Good Luck to all !
The $8.80 offer was non-binding . It appears they only made the offer to drive price up while they actually sold off their shares .
The $8.80 offer was non-binding . It appears they only made the offer to drive price up while they actually sold off their shares .
Here is a guy who is leading the charge to stop the takeover at the bargain basement price. Lots of dang info .
http://www.dangdangfacts.com/en.html
Volume up, price up, shorts down . As per Bloomberg,Peg & Co. own 83% of voting rights while owning 36% of stock . Even if they don't get a third and fourth bidder (come on Alibaba and Amazon), profit is built in from here .
MSNBC just showed the new Lockheed Blimp . Remember when this Co. touted it's version . I guess it's back to the Denge Fever kits !
I believe Peggy & Co. own 80% + of shares. They can afford to pay more for the remainder . Let the bidding begin ! Don't be surprised if this goes to $10 and if others join the bidding, who knows . Come on Amazon ! We will know sooner than later .
More than likely, this company had something to do with it getting loose - LOL. That is their MO ! Did the army ever find the loose "blimp in a box" they were trying to sell ?
MetLife has finally paid stockholders of PVD . The problem is they made a deal with the Chile Government which cost investors 40% of their principal . Can anyone say ponzi scheme ! Cancelled US ADR's @ $88 a share , sold them in Chile for $50 . Lure in investors with a 5% dividend , then take the money to Chile to buy off Chile pols to get their Pension business . They say this is all legal but we will see ! Shame on MetLife !!
Shame on MetLife ! It will be 1 year since they bought out PVD and took the share money to Chile. We have been given 2 dates that our principal will be returned but as yet nothing . Beware of any ADR and stay away from anything MetLife has it's hands on. Where is our money ?
Check out the new drone Facebook is building to provide internet access to remote areas. Reminds me of the chatter here some years ago about this company working on similar projects . Does WSGI do anything now and where do they do it ?
Just saw Google X founder Alexander Thrun on Bloomberg TV. His idea is to put balloons in the sky everywhere to provide internet access to remote locations and at sea. He will be on again with the full interview @ 9:00 PM tonight. Sound familiar !