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$1.30 tomorrow.
I got back in today. Hoping this is or is very close to a bottom. We'll see.
Plenty of volume today.
I'd be surprised if it can stay over $2 today.
NEWS!! DryShips Inc. Enters Into $200 Million Common Stock Purchase Agreement With Kalani Investments Limited
By
Published: Feb 17, 2017 4:05 p.m. ET
ATHENS, GREECE, Feb 17, 2017 (Marketwired via COMTEX) -- ATHENS, GREECE--(Marketwired - Feb 17, 2017) - DryShips Inc. DRYS, -23.39% (the "Company"), a diversified owner of ocean going cargo vessels, announced today that it has entered into an agreement with Kalani Investments Limited ("Kalani"), an entity that is not affiliated with the Company. Under the agreement the Company may sell up to $200.0 million of its common stock to Kalani over a period of 24 months, subject to certain limitations. Proceeds from any sales of common stock will be used for general corporate purposes.
Kalani has no right to require any sales and is obligated to purchase the common stock as directed by the Company, subject to certain limitations set forth in the agreement. In consideration for entering into the agreement, the Company has agreed to issue up to $1.5 million of its common stock to Kalani as a commitment fee. No warrants, derivatives, or other share classes are associated with this agreement.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities. Any offers of securities will be made only by means of a prospectus supplement and accompanying base prospectus. A shelf registration statement on Form F-3 (File No. 333-202821), including a base prospectus, relating to the securities being offered has been filed with the U.S. Securities and Exchange Commission ("SEC") and declared effective. A prospectus supplement relating to the offering is being filed by the Company with the SEC. Copies of the prospectus supplement, together with the accompanying base prospectus, can be obtained at the SEC's website at http://www.sec.gov or from DryShips Inc., 109 Kifissias Avenue and Sina Street, 151 24, Marousi, Athens, Greece, Attention: Investor Relations.
1's are on bid now, before they were on the ask. Now you have to wait for someone to sell their 1's to fill your order. It filled right away before because they were on the ask.
Unlimited 1's.
Buy now or chase later. Go DRYS!!
$2,227.20 split adjusted.
If you don't pay the price for admission, you can't enjoy the ride.
I thought you said it was going to $2.00?
Only way this hits a dollar is a 10,000 to 1 RS.
Looks like a nice base forming around $4.00 a share setting up for the next leg up. GO DRYS!!!
Do we really need that sticky post??
I agree, started a small position myself today.
With this kind of dump the only news that may be coming is a RS.
Exactly.
Show proof that Mersky dumped shares or stop posting false statements.
Actually there was over 12 million shares bought at .0002. So there goes your theory on a paint job.
I agree.
Nope.
Unfortunately by Tuesday you'll more then likely be buying 2's or higher.
Next week is going to be exciting. GO FFFC!!!
Old news. That was 7 years ago.
It's CROUCHING to take a sh!t.
Run failed. Looks like a close around $1.75 possible.
Down she goes.
Uptick tomorrow.
Test $1.50's tomorrow. Under a buck next week.
Looking good here. Volume picking up. Something in the works. We should be upticking anyday now.
That may be a good. A fresh start on the up and up.
Hold on to them. She is now CEO I suppose.
FONG replacement will want to start fresh, meaning new ideas, more visibiliy and communication with share holders. Gonna be a great 2017 and beyond. Go FFFC!!
More than likely a fat finger trade.
Thanks for the update Gaufiero.
You been saying about this mysterious reverse split coming for months now. How bout giving it up until their's actually news about it.
Kinda hard to dump and sell at no bid.
These aren't cheapies yet.
Bounce Play.