Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
$500 tomorrow... BTFD!
- $668M assets
- $77.2M cash
- 67M OS
- GE owns 53.5% of OS
- $210.5M debt
- no more kalani to dump on us
- no more R/S
- shell contract for 10yrs - revenue totaling $400M on this contract alone.
We'll just be fine here.
Go $DRYS!!!
Yep, the whole system is corrupted. I hope GE puts out a flurry of PRs that kills all the shorts, makes the offering deal look good and brings back confidence in DRYS.
$DRYS
Has anyone seen this? One of the DRYS lawsuits was dismissed in New York southern district court on August 31st...
NOTICE OF VOLUNTARY DISMISSAL Pursuant to Rule 41(a)(1)(A)(i) of the Federal Rules of Civil Procedure, the plaintiff(s) and or their counsel(s), hereby give notice that the above-captioned action is voluntarily dismissed, WITHOUT prejudice against the defendant(s) Dryships Inc., George Economou, Anthony Kandylidis. Document filed by Maxime Hodges. (Lieberman, Jeremy)
https://www.pacermonitor.com/public/case/21966883/Hodges_v_Dryships_Inc_et_al#
$DRYS
I feel for you my friend. I hope you make some of your money back at least. Hang in there buddy.
$DRYS
I think it's a bot, not a real person...
thanks!
hey petey.. have a great labor day weekend!! I think you and I know where DRYS is headed in the coming months
$DRYS
You think so?
This $2.75 offering is gonna look pretty sweet soon...
$DRYS
Right, October and December are the other two... mont fort and mont gele
Are you boy George's right hand? If so tell me, I'll exit right now!
$DRYS
check out the 4 large LPG carriers we will own.. the other two are expected to be delivered in October and December and immediately contracted to Shell:
http://www.tms-cardiffgas.com/fleet.html (Under LPG Carriers)
Aisiling
http://www.helderline.nl/tanker/2769/aisling/
Anderida
http://www.helderline.nl/tanker/2768/anderida/
Each of these are gonna be making $10M a year for 10 yrs!!! $400M contract right there!
$DRYS
"Aisling" very large gas carrier will be delivered in September. Expect 10yrs shell contract announcement next week!!
$DRYS
37.12 is based on 421,418 shares outstanding according to this:
(1) Share and per share data give effect to a cumulative 1-for-11,760,000 reverse stock split between March 11, 2016 and July 21, 2017.
The company reported 15.6 million loss, how could the loss per share be 37.12 with the share count of 67M??? When you do the math, it comes around 0.23 cents...
$DRYS
Aren't Americans the one making a killing by shorting this all the way to the bank?
$DRYS
I think you're in the wrong board.. you mean $GRDO? Lol...
$DRYS
It says the rights are non-transferable. I don't think you can sell these shares for at least 6 months. Otherwise, everyone is gonna sell for a profit as soon as they buy it.
$DRYS
Right, not everyone is gonna get this offer, it's gonna be first come first serve.
$DRYS
#1 is not true... you get 1.15 share per share you own, but of course based on the availability. And you also get oversubscription privilege which entitles you to get 1.15 share more if you exercise all of your subscription rights, again based on availability.
$DRYS
Right that's equivalent to 1152 shares per 1000. If you buy all the 1152 shares, you can buy 1152 more based on availability. This 36m shares will go fast. Institutions are gonna load up. This is why smart GE filed a 8A the day before so institutions don't load more than 15%.
Just noticed he is also giving shareholders rights to purchase double the amount of shares at the same offering price of 2.75 if they exercise their full subscription rights.
Say you own 1000 shares and you purchase 1152 shares at the price of 2.75 per share, he is giving us an opportunity to buy 1152 shares more at the same price based on availability. This is a great opportunity for people who wants to load up.
"The Rights Offering will also include an oversubscription privilege, which will entitle a rights holder who exercises its basic subscription right in full with the opportunity to purchase additional shares of Common Stock, up to the amount of such holder’s basic subscription right, subject to availability and the pro rata allocation of shares among rights holders exercising their oversubscription privilege."
$DRYS
Right. $70M is for 2018, sorry about that.
$DRYS
Check paragraph 4 in page 1:
http://dryships.irwebpage.com/press/dryspr040317.pdf
Nothing positive for Q2, but it's the Q3 earnings guidance that I'm looking forward to, but GE may surprise us with positive Q2 earnings. According to GE, 70M EBITDA for Q3.
$DRYS
They are supposed to get one delivered in September and immediately begin their 10yrs contract with a major oil carrier (assuming shell). It'll bring 30k per day revenue. 30k per day for 10 years!!! Huge!!!
$DRYS
This is indeed a sweet deal, people are gonna wanna get shares to buy cheap shares from the offering at 2.75 which is gonna cause a squeeze, as the price goes up the 2.75 deal is gonna look sweeter and sweeter which will make people wanna buy more and you know what will happen to the price.. this is genius move by GE!!
$DRYS
I think you can buy until they run out of that 36M shares. And I don't think you can sell for 6 months...
$DRYS
Yes that's right. You're only allowed to buy certain amount and that is 1.15 shares per share you own...
If you own 1k shares, you are allowed to buy up to 1150 shares at that price.
$DRYS
This 2.75 is gonna look super cheap after ER tomorrow.
Note that this offering is not open for all. GE is giving shareholders exclusive rights to buy at 2.75 which should tell you something... this is going places!!! GLTA!!!
$DRYS
You're the man!
$DRYS
Loving it.. lol
$DRYS
Giant sleeper is waking up!!!
$DRYS
That's an awesome trade... I'm jealous now... lol
$DRYS
I know right.. that was a crazy run... I just watched it from the sidelines..
$DRYS
We could all retire if it gets there ;) lol
$DRYS
$DRYS looking strong today!!
Where IS that 200dma? Lol... chart doesn't seem to show it..
$DRYS
When digging through the history of filings, they did the same thing back in April 2010. No subsequent big events though...
$DRYS