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I held sunedison shares before the BK. If I want to now join a class action at this late date who are a few of the best firms to contact
For those of us who kept this stock through multiple rip off Reverse Splits is it possible this stock could ever go back to at least 100 dollars per share which is only a fraction of one percent of this years high alone. I think about 8000 dollars per share would be about 1 percent of this years high reverse split adjusted. I still have faith even though since investing in DRYS in March I have lost more than 90% of my investment on multiple buys. I know this stock could go way up at any time without notice, when is the only question. Still hoping to get my money back on Drys and Tops as well as they both have reversed split almost all my shares and funds away.
Although I am very happy to see the price finally move North I have bought on 6 or 7 different occasions and lost almost 99 Percent of everything I invested here except for the last buy in.. I once held almost 150,000 shares and now have under 3000 shares. Yes I am stupid for holding through all those R.S but like so many of you that are now buying this stock I was really excited and thought it had been diluted so badly already with so many R.S that it must go up this time and so I loaded the boat on several occasions to have it R/S time after time and the last 1.15 and 1/30 split that fell to a dollar faster than the speed of light. At 30 Dollars I am even again and will exit if it ever makes it to 30 again. It looks very promising here, too bad it could have not acted like this 4 or 5 months ago I would be rich now instead of just hoping to make some of my money back on a lousy investment.
What is the Ratio for the next R.S.? Have they announced it yet? I saw what happened with Dcix on Friday. Really incredible and thrilling for those who did not lose everything to all their R/S in the past.
I now have bought Tops on several occasions as it fell and reversed, and lost my shares and money after every buy due to excessive reverse splits and dilution. I now have less than 3,000 shares, I had more than one hundred and fifty thousand shares before the reverses. This POS needs to go past 30 dollars a share (at this price level) to ever see my investment back. Can it do what DCIS did? I doubt it but maybe. Now if the next reverse split happens this next week this stock will probably have to go above a hundred to ever see my investment back. If you are on the right side of a big move up you can make a fortune but almost all longs up to this point invested in Drys Tops and Dcix have lost everything with these Greek Shipping stocks, 100 percent of their investments gone in a matter of months. When Drys ever goes to 30 again with no more R.S I will be happy again, I will take my money and run for the hills never to invest in a Greek Shipper again.
It is sad that no matter how much these Greek Shipping stocks rise in price after-hours or in the pre-market they always seem to sell off that same day and fall right back down again. Look at Tops finally up almost 80% in the after hours only to be crushed again after the market opens. How come when these scam reverse splitting Greek shippers never go way back up again the same day after being way down in the premarket, they only fall further. When will DRYS, DCIX, TOPS ever make a money for the long shareholder. Will they ever make money for the long shareholder or only take, take, take and bleed the longs until they have nothing left. Stocks should be like a business, if they do not make a profit 2or3 years out of five years (IRS Requirement) then the jig is up, the scam game is over for them. These stocks should not be allowed to lose constantly year after year bleeding the longs over and over again while the company officers and CEO makes money, this should not be allowed. And that goes for other companies that lose money for its shareholders the officers and coo of those companies that go Bankrupt or just lose money those officers and CEO's should lose along with their shareholders. fair is Fair, and to lose money is business but those that run these companies should never be allowed to profit even one dime from the shareholders loss, they should also go down with the ship.
The longs have been losing for years and years with DRYS as well as with TOPS and DCIX. Maybe this will change and longs who have consistently lost on these stocks will finally get a win with all three Greek Shippers. Many have lost all of the shares due to the Reverse Splits they will never have a chance to get even again unless they buy more shares. Come on DRYS now that you seem to have a successful balance sheet can we do something good for the longs here that have stayed the course through endless dilution and reverse splits and never abandoned ship. Let get the party started. Time to make some of our losses back starting this fall and into the new year. Good Luck To All Here.
Yes I bought before the BK at about 1.50 per share. Are there still class actions you can join at this late date and what firm is the most reputable and honest. Lost over $50,000 on this POS Sune Stock.
Had a whole lot of shares here, is it worthwhile at all to join a class action suit against SuneQ? or is it too late to get to join one, and if there is still time what firm handling a case against Sune is the most honest and reputable to try and recover any losses here if that is possible at all, which seems unlikely by the comments I have read here. Thanks to anyone who knows how this all works, I know that the attorneys get almost everything but getting something back at all would be better than nothing.
After years of destroying the long shareholders by dilution and constant reverse splits, would it not be great if for a change all three of these Greek Shipping Stocks (DRYS, TOPS, and DCIX) would finally go higher and stay higher so that the Long-term Investors here could make some of their losses back and maybe finally have an opportunity to actually win for a change. DCIX was up 45% this morning but gave most of the gain back. It seems as though these stocks can not go down forever and maybe it is time for these stocks to finally move North. I sure hope so I am way down here.
Lets see what these three Greek Shipping companies stock did to its long investors this year alone.
DRYS 12 month high over 799,000 Dollars per share, currently at $2.46 per share
TOPS 12 month high over $5,039 Dollars a share, currently at .31 Cents per share
DCIX 12 month high over $23,081 Dollars per share, currently at .62 Cents per share.
Hope this POS is over 20 Dollars by Xmas, would love to see some of my money back that I lost on this Stock and on Top Ships. I don't like calling either of them stocks as they have been nothing but scams up to this point diluting and stealing shareholders assets over and over again. This may and can change though so I remain hopeful, especially when hope is all that the faithful long shareholder has here with this POS.
Correction? The website in my last post is StockSplitHistory.com to see split adjusted prices I put down Reversesplit.com which was incorrect. It is StockSplitHistory.com
Yes Split Adjusted for this year alone the high over 799,000 per share (Look at Yahoo DRYS Page summery to confirm this) split adjusted since 2007 is 631,000,000 dollars per share, yes that is 631 million dollars per share (Look at Reverse Split.com to confirm this) What happened to all the money that was diluted and reversed split and the CEO profited from here and off the backs of hi shareholders, they lose everytime and he and his buddies win eveytime here, so corrupt. And after all this the SEC finally acts, what a bunch of hog wash. Still hoping the price goes way up and I can get some of my losses back off this scam that the SEC allowed for years and years. The money is in accounts I am sure all over the world unable to be found by the SEC or anyone else. Hey thats Wall Street A-Go-Go. Like I said before losing big on a stock is O.K. getting ripped off is not O.K. Why did the CEO not have to hold common shares through all those reverse Splits, it should have been the law that he held common like the Shareholders he Screwed with the dilution and reverse splits.
What if George did a share buyback starting today using lets say 85% of the money he has sucked out of this stock over the last 12 years. What would the price per share be then 5,000, 10,000, 15,000 Dollars Per Share?
If George did not enact all of those questionable and unethical reverse splits on this POS, there would be no investigation by the SEC and I would personally still have over 100,000 shares instead of just over 10,000 shares left. The stock price would probably be way up and longs would have done just fine here, This is what a greedy company and CEO can to its shareholders, it destroys their capital investment to make money for themselves. Come on George lower the offering to under 2 bucks especially for those who have been reversed split out of their hard earned money here at DRYS. sorry for the rant but the longs have been screwed here, so I must say something. Hoping for better days ahead for DRYS and for the longs here.
I hope the SEC does nothing until the Long Shareholders here have a chance to get some of their money back. George has done nothing positive at all for interests of DRYS long shareholders unless you call taking all their the investments of the shareholders and destroying them over and over and over and over and over again, and again, and again, is helping. The SEC should have done something 5 reverse splits ago before George and his group did so much damage to those that invested in this stock. Nobody needs the useless SEC now that our money has already been lost all it will do its make this POS go down even further. They are 9 months to late we don't need you now, where where the SEC 9 months ago this has been going on a long time. The SEC hurts long shareholders by failing to act in time and now they hurt us again because their investigation could bring the stock down even more. The only positive thing I see with the SEC investigation is now George may not Reverse Split the stock again. They should add shares to those who have been reversed split into poverty on this worthless POS whole the CEO and his friends made bank over and over again on the backs of his own shareholders, Unethical to say the least. Still hoping for a big rally before Christmas. If I could get even most of my money back I will sell and never buy another foreign stock like this that screws its shareholders and than they can hide the money all over the world so the SEC will have no power to find it to enforce any fines or penalties. A stock that trades on the US market should have to have money left here just for this purpose that a fine or penalty could be enforced. So many Wall Street companies CEO and officers make bank while the shareholders lose everything, that has to change and CEO and officers should lose right along with their shareholders not make money on their hardships.
$100 Dollars by Christmas? I know you say I'm crazy, but I I think at this point that anything here is possible with a stock that has done nothing for years except create major losses for its Shareholders since 2005. Therefore I think that for the price of DRYS to skyrocket to $100 is not that crazy when you think that the high for this year is over $799,000 per share (Split Adjusted). I have lost more than 99% of all my money that I have invested in DRYS (Except for the last buy at 1.25) buying on eight separate occasions. This stock has had no mercy for its Long shareholders taking everything they have invested here for the last 12 years. So one hundred dollars a share does not seem high at all, and I think once their is a surge in price, other investors will jump on board the train to much higher share prices for this and TOPS which has also taken over 99% of my money. Both DRYS and TOPS destroyed investors, really, really fast. So I am hoping DRYS will have many days and weeks of incredible gains. Of course this is only wishful thinking, unless it goes higher fast. Maybe George will extend the offering as no one is probably buying the offering now at a higher share price than the current market price. All I can say is "Lets Go DRYS" Fly me to the moon, and let me play among the stars" Great Song.
Thanks for nothing George. Why pretend that DRYS (George) is trying to do good by shareholders with an offering above the share price. He could adjust it down today, for shareholders here, and also he could give the people who went through his total scam ripoff reverse splits a special deal as well, maybe 25 to 50 cents lower per share.. George could also announce no more reverse splits in the next 12 months. What a scam company and CEO who would make a profit off the loss and misery of their shareholders and just be fine with that, it is just blatant unethical behavior. in my view.
I agree George has destroyed long shareholders here again and again. If he now wanted to really sell the offering he could lower the purchase price and he wanted to do something good for once for the long shareholders who he has screwed big time he could have a special price for those shareholders who have endured 1-2 reverse Splits, and he could have a really special offering for those shareholders like myself who have gone through 3-4 Reverse splits and continued to buy the shares that he revered split into almost nothing. He should have some remorse as he destroyed many here and have revered split them out of their entire position in a matter of a few months. Why is this not against the law I will never know. The SEC has to limit these rip off reverse splits that disroys shareholders and only benefits the company and its officers. If you want to give an excuse that that needed to raise money to go forward (Ya Right they have been raising money for 12 years straight here) but lets say they needed to raise money O>K than the CEO and its officers should not have made a dimes worth of profit while his shareholders are losing everything, and also he should by law have to have held common stock so he and his buddies would also lose along with the shareholders, that is called being fair to all concerned.
In the event that the offering price is adjusted down before the expiration date, I still think it would be great for those that held the stock through reverse splits would get the offering for 50 cents less per share for each reverse you held the stock long and did not sell. I know this will never happen but it sure would be nice.
If George can modify or cancel the offering at any time prior to the expiration date, than he could either lower the price of the offering say to $2.25 per share, or if the stock was to spike way up technically he could cancel the offering and keep the shares. Does he own the 36 million shares outright already or would he have to pay for the shares himself if he canceled the offering?
After destroying the long shareholders here for years why can't he just come out and say the words
"There will be no more reverse splits within the next 2 years, that sure would be a positive sign for those who have been screwed big time in the past and have trouble trusting this CEO or DRYS going forward.
Did anyone on this board actually buy the offering yet @ 2.75? and if so, did you get the extra 1.15 shares for free along with each share you purchased in the offering or did you have to pay an additional amount for the extra 1.15 shares stated in the offering.
Question: If you have the right to 1,000 shares from the offering, are you sure you will get 1,150 shares for the price of 1,000 shares. @ 2750 Dollars. My understanding is you also have to pay for the extra 150 shares @ 2.75 per share. I thought the rights offering only gives you the right to purchase the extra shares although you must pay for those as well. I could be wrong, I hope I am, could anyone that really knows explain this
Question:If you buy the rights offering and the price is not higher than $2.75 by Sept. 28th can you cancel your buy order. And I will ask again if you have 100 shares and buy the rights offering do you get more shares than 100 but only pay for 100 shares. Man I would love to be long here big time but almost all of my investment was eaten up by the last 4 reverse splits. I made 8 buys and I am only up on the last buy I made after the last rip off reverse split of July 19th.
If you exercise the rights to the offering before the 28th of Sept and the price does not go above 2.75 can you cancel your order?
I show the same amount of shares I own as the offering amount and not the 1.15 extra shares. So if you have 10,000 shares currently and the offering in my account shows only that same 10,000 shares will I end up with more than 10,000 shares if I exercise the offering at 2.75 a share, will I then get 11,115 shares instead but only pay for the 10,000 shares at the 2.75 that shows in my offering.
Special Offering, I was just thinking that George could sell all of the special offering shares by the 28th and make amends for many of the reverse splits that destroyed the long shareholders here if he did the following: For current shareholders who have not had their shares reversed split the offering price would be 2.75, for those shareholders who have been reversed split once the price would be 2.25 per share, for those shareholders who have been reversed split 2 times the price would be 1.75 and for the those who have been reversed split out of their shares 3 times or more the price would be 1.00 to 1.25 per share, I know this would never happen but I would buy this offering at 1.25 for sure having been split out of my shares more than 3 times, and I have bought more shares on 8 occasions to lose almost all of it except for the last buy in, I am down over 100 grand as I buy and hold and do not have a day trading type account, so I usually hold a stock until it comes back, I made a bad investment here but still hoping to recoup some of the losses in the future as one day this must go up should it not. Like the old 1960;s song Spinning Wheel, it say what goes up must come down, so it has to also be true at the some point going the opposite direction, what goes down must go up, and if any stock has gone down over the last number of years it is DRY SHIPS, so I am optimistic for a turnaround here.
Just one big day of DRYS going up before the 28th and the offering may look very inviting here, but keep in mind the stock we are trading here. Did you see TOPS this morning, Kalani and crew took it up to 76 cents yesterday, the volume was big time compared to usual, and it looks like he sold massive amount of shares into the market and no it is way back down to 43 cents. Just like they did to TOPS about two months ago, took it way up and the next few days fell all the way back down and if that was not painful enough they enacted a 1/15 Reverse split followed by a 30/1 reverse split, and my one hundred and something thousand shares I had became a few hundred shares in two months from 100,000 share range to less than 400 shares, they guys are brutal and could care less about any of their investors here as long as they make bank and profit. Such wonderful guys that run these shippers, I for one hope it changes and I will see my losses back for DRTS with a little extra to pay for my losses in TOPS as well. I am optimistic going forward, these Greek Shippers have destroyed Long Shareholders for years here, maybe and hopefully this is the turning point and this stock will fly to 15 Dollars a share and beyond from there. Good trading everyone, waiting for that spike upwards, one day it is bound to happen.
Question: Say the price before the 28th jumps to 5-7 dollars a share, and those who want to then take advantage of the special offering then, would there be enough shares available or would the 36 million available shares be gone within minutes? George now has shares it seems but I just cannot get over how much money I lost on this POS with all the reverse splits. These companies should by law have to have skin in the game and hold common stock along with their shareholders so they get FKD along with their longs who they have no guilt at all reverse splitting out of their investments to make money for themselves, it is so wrong, and it is not just DRYS doing this crap on Wall Street, although they may be one of the worst offenders of the Reverse Splits for personal gain. The salaries many CEOs make is crazy, and then they cut Dividends at many companies because it is supposed to help the stock, it rarely seems to, most stocks after cutting their dividends fall more and more. The last split of DRYS was especially painful having already gone through three others before that one, and some of us stayed in the stock for that Dividend and on the close of X Div day on July 18th, George announces another reverse split that took almost my whole investment, so of course I bought one last time to try and get even, like so many times before averaging down on this stock during those brutal reverse splits was like buying 100,000 single lottery tickets and losing time and time again. To think that this stock 52 weeks ago reverse split adjusted was over $799,000 Dollars a share, now around its $2.50 a share.
George should have a special offering price for those who endured more than three of Georges ripoff reverse splits resulting in 99% Percent loses for many of DRYS shareholders in only a few months time. George and his associates made bank and profits while the shareholders got Screwed big time, how about a special offering price for those shareholders who financed DRYS future success. Whether this stock goes up big time or not one thing I know is a CEO who would enact 8 reverse splits in a year and one half can never be trusted. How can a person look in the mirror knowing what his actions did to his shareholders. I special price for those who have stayed with the stock for three reverse splits would be wonderful, but of course will never happen.
Will the offering be adjusted downward in price since now the share price is below the offering? Why would anyone buy the offering at a higher price than the share price is currently, what is the advantage to that if any? When you buy say 1000 shares do you receive 1,115 shares instead in your account as I thought someone said you get 1.15 shares for every share purchased? My broker does not know the answer to these questions, can someone on the board answer them all if possible. Sure would be great if the offering was lowered in price and give the longs here that have been revered split out of their investments over and over again a chance to get even again. A price of .75 Cents would be awesome.
A Question about the offering. I understand you have until Oct. 2nd to take advantage of the offering, my questions are: When is the first date you can purchase the shares? I see in my account the offering is for the same number of shares I now hold, I thought you get like 1.15 share for every single share purchased under the offering, is that true? If you purchase 10,000 shares do you get 11,115 instead of the 10,000 purchased. Is it possible the price for the offering will be lowered since the shares have fallen from the 3's into the 2 dollar range since the offering was announced? George should buy all the long some free shares here the way he diluted and reversed split the shares held by his long shareholders, I know that will never happen. Maybe he can send everyone who lost more than 50,000 grand here a free unlimited starbucks card good for say 10 grand and never expires, I know that will also never happen. Thanks in advance to anyone who can answer the question about the offering. If the price say goes to 7 dollars by the end of Sept who would not want to buy more shares at 2.75, but will they go so fast if the price is up that many shareholders will be left out of those profits.
I see them in my account it says 0 dollars right now, when must you purchase the shares by to get the offering? Can you sell them right away for a profit if it is over 2.75 the day you buy them, or do you have to hold the shares a specific amount of time? You said the shares are not free of course you have to buy them, I say they should be free to those of us who lost 10 times that amount of out shares due to dilution and such honest reverse splitting of the shareholders assets. Anyway thanks for you reply on how long you have to hold the offering and when is the last day you can pay for the shares. Do you get one share for 2.75 or do you get 1.15 shares for 2.75 I have read both amounts, please clarify if you know thanks
A Question: If the SEC finds George or DRYS in violation due to overuse of their reverse splits crushing long shareholders here, could the SEC in any way make DRYS or George compensate the longs that were revered split out of their shares. I do not mean a fine paid to the SEC but a direct payment to the accounts of those affected by all the Reverse Splits. Could the SEC order George to pay those profits he made during all those splits and return a portion of those profits to the Longs on record that he screwed big time with all the dilution and unnecessary Reverse Splits, Probably not but I am curious if the SEC would have the power to make such a request or order.
After any investigation is completed and if there are any fines imposed by the SEC on DRYS or TOPS then all fines paid should be given to the long shareholders on record who where FKD out of there investment dollars by endless dilution and reverse splits that never should have happened, but did happen because these companies fine upstanding honest CEOs and their business partners needed to make a profit everyday of the week for themselves.. I am sure if any fines are imposed George will fight it and probably pay nothing, if fines are somehow paid the useless SEC should not get one penny of those fines as they did nothing to protect long shareholders who were being fleeced day in and day out for years. How these people that run public companies can make a profit day in and day out while their shareholders lose everything is just unbelievable to me, but many companies officers do just that. That includes American and Canadian companies as well. The officers of any public company should be paid nothing if their shareholders lose their investments, the officers of these companies should also lose their salaries and bonuses and everything that goes with it.
Just venting here, but its like a charitable 501 c(3) organization where many CEOs make a few million a year. Its a charity and they should make 100 grand a year or less, the money should almost all go to the charity not to these overpaid CEOS. Wrong is wrong, taking advantage of ones shareholders to make a profit is wrong if those shareholders are losing their money and shares. This has been one of the biggest stock scams in history but I still have faith that DRYS will go to 100 Dollars a share, the question is will I have any shares left after all the reverse splitting scam a jam this company has put its shareholders through. All stocks have risk, I have been bankrupt out of my money on Sun Edison while the CEO that mismanaged that company made bank.
I have very little trust of most companies now, and they could care less about doing the right thing by anyone or anything. So be it that is Wall Street unfortunately.
Ouch, Long investors here have been Fkd for years by George and this company and as of two weeks ago when there was finally a glimmer a hope for Longs here the useless SEC calls an investigation. Hey SEC we needed you six months ago while longs here were being fleeced out of their investments, but the SEC decides to finally act when the share price was going up for a change, that is really crumby they were no where when the longs needed them, and they are here now when we don't and in both instances the longs take it on the chin again.
George should have announced the deal with Kalani was done and dilution was over three reverse splits ago, they had already made plenty of money on the backs of their shareholders at that point, and then there probably would have never been this investigation at all. They stole that money from their longs plain and simple enacting all those reverse splits. They by law should have had to hold common shares themselves and lose their investments right along with the longs they screwed. I am still Bullish here and hoping now for the best.
George is on the side of the Longs now, yes that seems to be the case, but why did he he have destroy so many long investors with his constant reverse splits that never did any good at all to support the share price, going back to a dollar overtime so quickly after each reverse split, it only benefited George and his fellow business partners. He squashed the longs like bugs without a thought of their .well being taking everything from some long investors in a matter of six months time. No stock should be allowed to do what this stock did to long investors here. The SEC is useless because it did not act sooner, now that they act it only hurts the longs again. I am waiting for the price to go up 3500% so I can get even on this disaster of an investment, if it ever does. Will I ever get my money back I doubt it, but I still hold some faith that a stock which has fallen for years may have a renewal and the share price go way up. I think in the future all foreign companies should have to place a portion of all their assets with the SEC so if violations occur and the shareholders get dealt a dirty hand that they can take that money and repay the shareholders that have been damaged. Otherwise no foreign company would ever pay a dime and laugh at any such request where enforcement is impossible. Go Drys To 100 a share by Christmas 2017
Unless one has been long here they will not be able I think to grasp how fast investors lost their entire investment going long on Drys. I have been through 4 reverse splits buying several times on the way down and losing almost everything still in less than six months time. It is brutal. The SEC should not be doing this now as the price was finally going up and the longs for the very first time in a long time has some hope only to be crushed by the news last week of the investigation of Drys. Where were these useless SOB's when us longs were losing everything with constant reverse splits. We don't need you guys at the SEC now, let the price go to 50 or 100 dollars so the longs can recoup some of their losses. Those who lost all their shares to the reverse splits well they have no chance at all, and the worthless SEC tuned a blind eye to them when they needed the agency. I was a fool for holding through the reverse splits but I said to myself each time, something will give and it will rise by 1000 percent in a day and I will get my money back, that never happened but another and another and another reverse split did happen and I was an idiot to hold and keep buying Drys and Tops and lost on both. The money is gone now so thats it, but if drys goes to 34 dollars a share I can still break even, a long shot but anything is possible with Drys and I still hope for the best.
SEC: The price of DRYS has been screwing investors for years, and now that the price was finally going up they step in. Were were these useless SOB at the SEC months ago before longs lost a fortune here. I think there is fraud and corruption in the SEC itself. Any fines imposed should be paid back to Longs on record who have lost because of unethical reverse splits. The money that George or DRYS has to pay if any should never go to these overpaid worthless SOB at the SEC that have done nothing for investors here except be part of the SCAM by not acting earlier. Any SEC employee who worked on this and failed to act should lose their jobs and benefits and pension. George should have all his assets frozen, those that can be found because most are hidden away I am sure around the globe with other banks and criminals who fleece their shareholders out of their investments. Screwed By George, screwed by the worthless SEC not taking action and now that the price was rising screwed again by the SEC for taking action. We needed the SEC to protect us before we lost our money, not after the fact. Make George return the money to Longs here that have been reversed split to poverty. Worthless Gov'T agency, worthless CEO who screws his own shareholders out of their money so he and his criminal partners can make their profits daily while his investors lose everything time and time again. This is supposed to be a stock not an 3xETF that you cant hold overnight. The company and the SEC are both no good and can never be trusted to protect anyone, and the company can never be trusted to do right by any shareholder except to line their own pockets with treasure stolen from their own investors. The SEC did not act, now the stock had a chance in many years to go up and they act, you all no damn good.
If any fines are imposed on George that money should not go to the useless SEC that failed to protect investors here against all the reverse splits and dilution, they should be paid to all the long shareholders of record who have been screwed here time and time and time and time again. Now lets go to 50 Dollars a share by Christmas 2017.