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Current class action victims per Goldberg law firm are based on those who bought between June 9-July 12. This is period when last R/S occurred. For those who say there will be another R/S and more dilution, perhaps DRYS can do this BUT this will mean that the Class action gets expanded to these new dates and now the possible punitives start adding up. Not to mention the insurance companies for DRYS start saying, "Hey, if you guys keep screwing people after a lawsuit is filed, we will not cover any of these losses or defend these lawsuits" Insurance companies won't cover intentional acts, violations of law or fraud.
Class action filed. Will stop dilution train. The lawyers are nipping at at GE's heels. Even if courts don't stop GE on Monday the sharks see 200 million in cash and more in assets and they will fight. Will take years to resolve but in the meantime the dilution and R/S are OVER.
Yes, GE is scum but he has built an empire from those shareholders who bought over the last 2 years. Book value is now at $202 per share and cash is a few hundred million or $199 per share so those who buy now will rocket off of the dead carcus of previously screwed shareholders. Sorry, previous shareholders, u should have waited.
R/S won't happen as has not worked lately. The idea of a R/S was for share price to increase but if u look at last 2 the price plummeted thus making the stock worth less when diluted selling.
DRYS will not R/S or dilute right before court hearing. They will be shut down by the court and this will take off to $30. Get ready to ride.
FYI: I got in at .95. So, you don't know anything about when someone got in. And I'm already up. I'm going with the courts will find that DRYS and Kalani are operating as pseudo underwriters and shut the dilution down. That is what the courts do. Enforce the law. Now, the SEC will not do anything as this is not a marijuana stock company.
Yes, don't take warning from Univ. of Penn and Georgetown securities law professors. Take advice from some short seller on Ihub.
Last time DRYS exploded was 7 days after R/S. Entire company valued at 12 million dollars.
When way above $5 listing price and continues to R/S, this should result in favorable ruling in suit. SEC kept warning about MJ stocks but they let this type of R/S, dilute and repeat happen all the time.
INJUNCTION COMING.
No more shares will be sold while lawsuit is pending. They will get crushed in suit if they sell anymore shares or R/S.
Company is dumping shares. they have 100 million o/s and there are dumping.
So, can it implode after close or will it explode. We remember what happened last time. Remember the guy who was short and lost over 100K after decent close up?
30% of Shares Short. 3 mil shares. Short squeeze http://www.nasdaq.com/symbol/drys/short-interest
Taking it in the Shorts.
After Hours - And so it begins. Dilution Over. Join the dance.
Here comes $50. DRYS ALIVE
Shorts trying to paint after hours tape
news out tomorrow. ground breaking ceremony.
That is 6 months of work since ground broke in Dec. 2016? Completion date of Oct. 2017? LOL.
Using Trump Fake news angle. Nicely played.
OK, show the pics and prove me wrong.
NEWS. Checked LEDUC county records and the permit fees still on city council agenda yesterday. Moreover, contacted reporter who wrote on 12/16/16 that ground was broke in Dec. 2016 just like PR said. However, Aurora did not even have permits in place. Moreover, reporter said the following:
There has been no coverage because there has been no news or information shared with us. We weren't even given the location when I first wrote the story as Aurora didn't want to say anything until the ground breaking was announced.
The latest update was an invitation to the ground breaking on June 16 so you will see coverage of that. Cam Battley was also featured as part of a panel on marijuana in the workplace and there should be some information on Aurora in there as well when the story runs in the June 16 edition.
If you are concerned with coverage or progress, I would suggest you bring this up with any investor or media relations staff within Aurora. We can't cover what we don't know about.
Thanks,
Nouran
NOURAN ABDELLATIF
REPORTER
Leduc Rep
T: 780.986.2271 ext. 700238
F: 780.986.6397
4504 - 61 Avenue
Leduc, AB T9E 3Z1
Article: Forget recreational, Sessions is even trying to go after med marijuana protections. DP better have criminal lawyer on speed dial. https://www.washingtonpost.com/news/wonk/wp/2017/06/13/jeff-sessions-personally-asked-congress-to-let-him-prosecute-medical-marijuana-providers/?utm_term=.83406d0066e0
Dumped 25K of stock. When I bought after reviewing the investor deck it said that they had enough shares outstanding at 50 million for projections and now updated investor deck says they have 110 million. They are at least 1 year from getting sales license on Acreage Pharm. And 2 years from build out. This POS has market cap over 110 million and so why would I buy this when I can buy company that has sales license and build out ready to go. Total bait and switch. You are buying 10K square feet of production and a bunch of dirt. Does Bill Chaaban work for you guys?
200k shares bought at .99
200k shares bought at .99
Picked up 12K shares at 1.23-1.24.
Level II not showing my buys. Just bought 2000, 2000, 2000 shares and never came thru although filled at 1.25
I would like to buy some at .0002. Anybody?
I called Farooquee when the so called financial details came out and asked him why there was no mention of the Canadian company either in first PR or after the PR re: finances of the transaction. He had no answer. I told him I have never heard of a company listing the deals of an acquisition without listing the target and he said nothing. Only choice is to keep up the pressure and call him.
Next stop .88. Just like last time it took a 50% haircut from the top.
OK, not 100 mil but 90 mil cumulative bought placement deals. Read the press releases.
15 million 3 months ago
16 million 2 months ago
40 milllion 18 days ago
20 million today
OK, so only 90 million. That is a lot to get in financing without a plan as to how u going to spend.
Here is the problem. Mgmt has done 100 mil in bought placement and has not said what they are doing with the money. Yes, they are expanding some buildings for growing and bought a bunch of land. That would be great if this was Northern California and they were growing outside. But they need greenhouses and they have not said one word about greenhouses. Tweed bought that Hershey factory money pit until they realized they needed to go greenhouse. It costs almost $2 per gram just for electricity and unless they clarify their build strategy and cost of production, no one will believe that they will survive and become one of the players.
What about 140 million in revenue from MENA "firm" deal from 10/2015? Coates makes more multmillion dollar deals that never go through. He is full of BS
What happened from 10/09/15 press release with the firm orders? No revenue for 2016 but supposed firm orders from MENA.
ALL TOWNSHIP, NJ -- ( Marketwired ) -- 10/09/15 -- Coates International, Ltd. (OTC PINK: COTE) (the "Company") has received orders now totaling $142,000,000 USD and is working with Cummins Power to supply short blocks, skids, generators, controls and certain parts and components.
Last Friday, management executed final agreements regarding these firm orders for distribution to countries comprising the Middle East / North Africa area ("MENA"). Most of these orders are for stand-alone propane and diesel 35 - 50 KW synchronous CSRV generator sets.
Not just accusation. Final ruling:
http://law.justia.com/cases/federal/district-courts/FSupp2/137/413/2472363/
III. CONCLUSION
For the reasons detailed above, the Commission's motion for summary judgment is GRANTED in part and denied in part. Coates' motion for a finding that no civil penalties shall be assessed is DENIED.
The court finds that Coates has violated federal securities laws and ORDERS that Coates pay $40,000 to the Treasury of the United States.
Review this article from NY Times: http://www.nytimes.com/1994/07/23/business/engine-inventor-accused-of-fraud.html
sound familiar?
Lots of insider buying over the last few months. Form 4 on OTC
No. The (501) number was reassigned to someone else and I dont know about e-mail but never heard any response from e-mail to that address