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Nobody really knows, they can guess all you want fact it the PPS is not moving much. Lots of volume due to so many trading it in the last couple of days. Lots of Hyperbole regarding the future PPS, but only a fool holds this longer than a trade. Volume shrinking again as interest begins to fade for now.
DRYS is not an investment its a trade only, more losers than winners the longer you stay the more you lose.
Its not a loan its a dilution share sale which costs him nothing and raises him free money there is nothing to pay off,
He is the one who is a billionaire, off other peoples money as well so i am going with Genius. The fools are the ones who buy this turd without an indication dilution has ended.
GLTU, money can be made no doubt but timing really is everything here and holding is a fools game.
LOL, that is why he has made them rich for the last 7 months
He is only interested in GE
Where are you getting this 5 million O/S requirement from? he has already been below this figure several times during these splits.
OK so someone will throw $53k at a stock without checking it out properly, oh apart from checking it out long enough to see its way undervalued but not noticing the 5 R/S this year strange for one so versed in the stock market. Lucky they made $3k before they realized their mistake.That will by plenty of bottles of
its up a few pennies and some our wetting themselves, even though it R/S tomorrow
the reality of drys
https://seekingalpha.com/article/4088997-dryships-time-high-1_47-billion-share
How would you know if he had bought if he chooses not to tell
If he does not sh*t on the commons again, why try to guess bottom? many have tried all have failed in 2017 wait for real confirmation and you can still join the party, but do not stay too long or you will pick up the tab for the drinks.
Well thats ok then LOL,
GE is looking out for longs LOL
pretty sure the $2 billion registration back in March means he can change his mind anytime he wants
https://www.sec.gov/Archives/edgar/data/1308858/000091957417002876/d7434757_f-3.htm
Way too many GE kool aid drinkers here who either believe GE actually gives a rats ass about anything but his own self enrichment or think they are smarter than every one else and can call bottom, even though there is no bottom or even worse have lost so much they are just living in fantasy land about another squeeze. Class action suits by people losing money is too funny when its all in his filings and yet they still continue to throw money at this turd thinking he will not dilute as he said he would, its free money for him. Eventually he will stop but only when he has executed his plan in full, certainly not because some ihubber calls bottom. Even then this is a trade not a hold, he can always dilute again in the future should he need the cash for a another shiny new boat LOL.
If a friend treated you like GE treats commons he would not be a friend for long and i doubt you would be supporting his lifestyle like many here seem to want too, even if he promised to possibly pay you back at some point in the future.
GE prints his own money in the form of worthless DRYS common share certs and suckers keep buying them up. Over $600 million this year so far. The guy cannot believe his luck, restock his fleet at the expense of sucker investors who thought they knew better then he did and still they buy. He gets management fees on the ships and if it goes bad he holds debt and gets discounted ships as part repayment.
Why would he sell this golden goose? its the perfect set up for him and dumb asses keep helping him stay a billionaire. Drys has consistently shafted longs for 10 years
JMHO
all the ambulance chaser lawsuits scaring whats left of retail willing to buy this turd.
very possible that you are indeed wrong and that is exactly what he will do, GE is like the honey badger, he dont give a sh*t. He has already laid out his plans in black and white for all to read, if people continue to buy his crappy shares while he continues to dilute its their mistake, when he said some American investors are dumb i guess he knew his market LOL.
I have already stated its not worth shorting at this stage of proceedings, but shorting has proven very profitable for many for quite some time.
Despite the desperate hyperbole of happy endings from the lawsuit brigade Drys continues to drift lower so it seems the market is not buying that story just yet.
Its too funny seeing so many of the "mega posters" have egg on their faces making failed bold predictions about DRYS time after time over the first half of 2017. So many have tried to call bottom and still it falls. It will no doubt spike at some point in the future but trying to call it seems to me to be an exercise in futility. Best wait for actual MOMO and volume to back it up, dilution stopping would be a great starting point.
JMHO
I agree 100%, GE is way to wily to not cover all his angles.
He was not born a Billionaire, he is as slippery as an greased eel and very smart to boot.
Agreed knowing when to cut your losses is as important as knowing when to take your gains, an expensive lesson to learn but a crucial one none the less.
DRYS is not a stock to hold, its a short term trade only.
GLTU
In case anyone is in any doubt that GE covers all his bases, from the prospectus
Oh sorry my mistake
Somebody tell the markets its a massive positive then because they do not seem to be listening.
I really do not care on what basis the attorneys are being paid , but trying to turn a 30 day grace period to try to strengthen the case in to a massive positive is weak IMO.
If the evidence was so strong it would be proceeding full steam, GE has told everyone all along the way what he was doing, just because some Muppets thought they knew better and bought big before the dilution was finished is just bad choices on their part, buyer remorse i think its called.
Sounds more like the court are saying get more evidence as you do not have a strong enough case, otherwise they would proceed as is , funny how desperate people are to make this a super positive. I am sure the lawyers are happy to string this out and to take more money LOL.
GE will never give up his complete control of DRYS, he gets access to US capital without the oversight and rules being so strictly adhered too Just remember you cannot treat DRYS like a standard US stock and the rules are not the same
just a couple of things to remember there are several more right here
http://dryships.irwebpage.com/files/drys201620f.pdf
https://www.sec.gov/divisions/corpfin/internatl/foreign-private-issuers-overview.shtml
Dude why even worry about the tiny trades that are taking place right now. , lets face it KJ has suckered lots of people here, he is not a nice guy he is a conman. He basically lied consistently for over a year that an audit was being undertaken knowing full well it was BS, that makes him a liar in my book. How can you believe anything this guy has to say regarding anything when he lied so many times in the past.
Not a theory but a fact
Seems the dreaded black marker is out in force. DRYS is not a stock you can trade using fundamentals and standard investing tools. Only when the MOMO is there and the dilution is finished, even then its a quick trade only, hold and regret it. It has an epic history of shafting the common holder.
People will scream its a massive buy, but history will tell you tread carefully.
DRYS is essentially a stopped watch , it will be right twice a day for a minute each time, but for the other 23 hours and 58 minutes avoid it like the plague as it is just plain wrong.
9 million extra shares in a week for less than $9 million off the total, MS not looking so smart right now. This only reinforces the fact GE does not give a rip about dilution at any price, as long as he stays at the helm he will make money whatever. Rinse , repeat as long as everyone keeps thinking they can call bottom this legalized fincancial scam will continue.