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Didn't the 8K basically say no vote or meeting is required? Seamus has gamed the system to become majority in common stock and approved both proposals
An early 10Q would be very useful right now
My .0007 bid refuses to get filled for almost 2hours
How come no no one asked about A/S increase? Isn't that the real issue were facing right now allowing toxic dilution?
Reverse split is not the real problem. Its just often used as an ingredient to raise share price in combination with AS increase to help obliterate investors
Re: Layoffs. This may be really good news.As the savings should be fully reflected in the next 10Q along with the June sales for the new hospital.
As much as I severely hate the current price action, the next report could certainly show even greater improvement.
Seamus going HAM on Twitter lately. Interesting?
This one is classic. Even PB was giving Seamus the gears on Twitter for diluting his shareholders and then taking no responsibility
Seamus Lagan @seamuslaganRH
It's disappointing to watch our share price at this level but we have no control of the public market and will remain focused on our efforts to create value. We appreciate all our shareholders and hope to deliver for them.
10:40 AM - 20 Jun 2018
The Spin-off was likely needed to separate the profitable ships from the others. One company would have done very well and the other would have struggled. Seeing as tho they now have had some success selling some of the older carriers the spin-off has far less value and DRYS is now looking stronger in cash and quality of fleet
I'm not sure how this can a negative in any way.
Hey Petey. I'm with you here. It looks like it wants to fill the gap on 10Q thru hospital announcement and I see the possibility it could pull back again until spin-off in "1-4 months" (was 3-6 months as per release 2 months back)
They have to give 30-60 days notice to shareholder before spin off and you have to expect delays so I'm not really expecting the bigger leg(s) to start until that time (maybe soon, maybe end of summer). But agree this is most likely the cheapest shares will be until then. I believe the spin-off is the larger excuse that will fuel the run. Who knows for sure when, I'm ready and GL to all.
Are the earnings 15 days after extension grant and new deadline or 15 days after previous deadline?
Quite a few stocks asked for the 15 day extension to file the 10K. Odd as they seem to be bottoming off oversold conditions as well.
Tin foil hat on: I think were going to see some beat up names flying to the moon in the coming weeks
Tin foil hat off: These company all suck and are just slow. Back to dilution shortly
I could see and expect a violent swing after R/S. Likely an initial rip and then sell off back near current price into that 2-3 week period. But who knows.
Can wait to read the judges words in this case. There is no sugarcoating the blatant disrespect for shareholders. This has to be the King
Chapter 7. That's a wrap.
Thanks link wont open. Is it Chapter 11 or 7?
I didn't realize the Q was for bankruptcy. Thanks.
The only news we need to know is if he found a buyer. If you slaughtered share holders they way he did you would be in hiding too.
Hopefully a rich dip...
In all seriousness this drop was a gamblers gift. The biggest reason is their is currently no dilution occurring so it should atleast bounce (which already seem to be the case). Good chance this was just a "panic sell" off the added "Q" and may have just created a powerful double bottom. It could easily retrace back up to the 0.11 flatline until news.
Surely its a gamble and I expect to lose. Cmon its the infamous GBSN. But I see good reason to gamble here.
Only a few jaded lurkers here. Kinda like an ex girlfriend on Facebook, you keeping peeking and yet you know one day she might be hot and you'll have to watch all the lucky guys she's making happy.
Saying that. I bought the dip lol
Very possible given the history. If no dilution they can blow this into the sky with the lower share count
Yes the set-up is here to explode on news over the next few months. It just need to hold the December low and did. My stop out is still below that low. But looks promising if it can get back above the 50MA
Bam!!! This is shaping u. No dilution this should rock and roll
Did you see the new share count to know this?
If things don't pick up by Friday afternoon you are likely to be wiped out anyway. This is either another disaster dilution or a beautiful head fake and purposely lowered share count with no dilution.
We closed above 0.17 so I held but if the carnage continues tommorow it will look like dilution again and I'll likely take my loss and move on then.
I said before after the R/S I like the set up on a sharp PB but it all comes down to dilution. I have been adding since 0.35 with my stop at 0.16 as 0.17 is the December low. If its holds here, I really like it still. But history tells us don't get your hand stuck too far in the cookie jar. I'm ready to pull the plug by days end if I don't see a reversal and watch to see if it can settle.
Can you provide a link or just a belief?
That's the long case. R/S doesn't matter now. All comes down to dilution/no dilution from here. .
The only thing that matter is if there will be dilution that follows the R/S. I like the long term set-up if the R/S is simply to reduce the share count.
SEC spinoff
Heres the spin off filing
June 26 2017
“Especially encouraging has been the response to our most important product, the Stool Bacterial Pathogens Panel, currently awaiting FDA clearance. We will not commence sales and marketing outreach on that panel until we receive FDA clearance....”
Did this ever receive approval?
Its a Form 4 Party
Moon is coming over the next couple months. This is nothing but the spring returning to the base. GL all
This offering was for insiders. Public just bought at lower prices and the insiders bought at slightly higher than current market. I would bet the shares were heavily accounted for internally before the offering was announced.
The offering is most likely done but the paper work has been slow to file over the holiday. Next week
NWBO just did a similar offering but with the price at 0.23 which was closer to the actual price. It closes today and we should also see the filing next week.
Retail is mauling over the the price being below the offering value, while insiders have likely gobbled up the offering before take off shortly
Nice post. The story always needs to match the structure.
My 1-3 month targets are $4, $13-14 area June 2015 high and an overshoot above. If its a violent move $4 will get slaughtered.
That "if" my read is correct and we fly here off the offering spring. So far looks ready for take off as planned.
Agree with you here. That is ridiculous. But it is gonna fly into the new year.
Enjoy
I know predictions are always hilarious, take them as such.
No one has a crystal ball, but I'm pretty sure here and if I'm wrong I don't see this as a bad place to enter the trade to begin with.
Anyhow since you called it out, I want you to check in every couple weeks for the next 3 months as we rise. Feel free to call it out if I'm wrong, but I'm pretty serious this is a major "spring" and is going to fly (Hint: like the rest of the sector)
Cheers and have a happy holiday and a prosperous 2018.
This may not be your average bounce. $5 minimum near term PT for me(1 month). $15? - 3 month target.
Expect this to be in the air by Friday to Mid next week. Likely the filing of the offering close will be the catalyst
Needs an earning pump to get over $5 I guess. When is earnings officially? I see multiple dates including tomorrow after the bell
Anyone making money off DRYS needs to be humble. This beast can take your liver kidney and spleen in the blink of an eye. GE can and will do as he pleases
Good luck to all us longs in the next few months