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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
Very interesting set up given the recent activities. I'm in for the Lotto aspect
Lol. I'm sure Ashton had this company listed for sale on Craiglist too.
But seriously based on recent activities it almost seems like there might have been a buyer in place for some time and they are going thru the process. Otherwise certainly next step is Bankruptcy.
If someone has bought the company it also makes sense they want their own staff and business model to sling the menu
Buyout for BK? Both are very possible
In addition to the previous dilution this whole offering has been quite disturbing and goes to show the precise manipulation that can be performed in the markets.
$2.75 close? Why not
Every time this stock goes up before news, its gets rocked the next day. Not too excited to see us up before the end of the offering.
Should be interesting to see how the stock reacts to whatever is announced.
Georgie getting ready to exercise our options?
Georgie getting ready to exercise our options?
Nothing to see here today. Not until news comes out on how this offering is resolved. If the stock is up today I would be concerned going into next week. DRYS usually pumps before really bad news. So hopefully we are flat today.
666 followers on this board.
The end of DRYS must be near.
Seems that this a better scenario for shareholders aside from not being able to take control of the company?
1. GE now has shares that he may likely now want to see price appreciation
2. Less company debt
But...
I believe he cant sell the shares for 6 months, I also believe he said no more dilution this year. Does that mean we could see dilution in January as he would have no interest in selling at that point interest in making a profit?
Exactly,if the SEC takes further action now they kill any investor hope and hurt the company. Based on the fact they didn't even ask for documentation until the final offering was complete, I would tend to believe its just a dog an pony act to show some face in the disturbing but possibly legal matter.
Sure this is a MAJOR risk going forward. But it could also be a major catalyst, should the SEC release a statement they found no wrongdoing. That would be fun to watch.
If I buy more now, the stock will be at $1.00 by weeks end and likely de-list soon after. If I buy at $2.75 when the stock is above $3 than Ill feel more confident.
The margin between 2.55 and 2.75 if the price hits $100 is negligible compared to the risk that remains in this company. Sure you might be right, but why risk when you have the option to buy with much less risk?
35% If everyone exercises their right in the offering
70% if he gets all the shares in the offering
53% currently
But really who the hell knows besides them? One thing looks certain now is that they are able to control the price and are keeping it below $2.75 purposely. Either to make shareholders forget about their option and then run it up last minute or to render the offering useless to shareholders in completely. Very strange.
GE is giving us the lucky opportunity to buy shares at $2.75. If we choose not to, and as of right now why would anyone? He can likely pull a stunt to buy them all and resume majority ownership.
I believe if everyone was to exercise their full right he would lose his over arching power. This obviously wont happen as even if the price was above much of his shareholders are likely scared or half broke.
We get another year of staring at an online forum disgusted in ourselves that we gave money to such a garbage company. This offering is too bizarre to even guess what might occur.
Not sure what this has to do with what I asked. I might take advantage of the offering if DRYS is above $2.75. Otherwise I don't trust this crap and $2.35 will surely soon be $1.35 if I buy more now.
Has anyone touched based with their broker on the details of how to execute the offering and any restrictions? I have a hard time talking to someone on the phone about a POS like DRYS. But interested to know how to exercise my option should I chose to.
1. I have not yet contact me broker. But I imagine its a verbal purchase over the phone and cant be done online.
2. The number of shares shown is the number you are entitled to purchase. You can request more
3. Im sure you can buy now if you want. But why would you want?
4. If price does not rise within the next week. I expect a modification to the offering regarding the share price. As it state clearly this offering can be cancelled or modified at any time.
So expected the unexpected. It is DRYS after all
Not too much help. But this is what I know as of now. If you obtain more info. Please share.
What up with ORIG? It looks read to run? Does DRYS still own it?
Agreed. The profit margin if there is a short squeeze between price level now and $2.75 is not worth the risk. If you can buy at $2.75 in a confirmed breakout that is much better then buying at $2.40 and watching DRYS start to bleed red again.
There is a trillion reason not to trust this stock. So the risk to reward just isn't right when the price is hovering above $2 or me
All I know about DRYS is that when it goes up, really bad news is coming soon. And when it goes down, well that's just what it usually does where there is no news.
I will gladly wait to get at $2.75 and the price is above if this is a shakeout. Otherwise watch out below.
They will be prosecuted "if" they did anything illegal. Question is did they? I think people should turn the anger toward the SEC if what they did was legal. Ill let the courts decide that matter. What took the SEC so long to take action on such a ruthless scheme?
Its not like people were not filling the SEC mailbox for over a year? The bulk of the blame should go more to those that are suppose to protect the legitimacy of investing rather than those playing by the rules. No matter how ruthless.
Goes without saying these days. The only way it get more bad news "short term" is if the SEC makes a move if ever they are going to. Usually that process takes time so I do see the risk-reward fairly decent here for a lotto purpose only given the improving numbers and what is coming in the asset pipeline in the coming months.
The odds SEC take any short term action are very slim. Certainly there is great risk with this dog. But the company is clearly on the upswing finically in terms of debt removal, revenues and additional assets. More importantly no more Kalani dillution
I'm not adding until I get me $2.75 offering and we are over $3. Whenever that happening ill be waiting.
Disagree @titan11. Its almost $2.75 now, but much more risk. Once price is well above $3, then buying at $2.75 in an established breakout is much more reasonable. Im not adding unless I get to partake in the offering and this scenario occurs.
Ill send George my liver and left nut in the mail along with the cheque. Wait Kalani already took those.
So if price heads back up does anyone know how we as common shareholder can access the $2.75 offering. Id rather but at $2.75 when the price is clearly above that number than buying any dips as we see today.
I just haven't seen anything posted as to how we access this offering?
Can some sticky the process to obtain shares at $2.75. Greatly appreciated if anyone is aware
I added on the dip. Not sure if it will get below $3. That would be a gift
Price weakness into earnings is usually a good sign. Anything between $2-3 is a bonus.
Seriously tho when the hell is earnings?
@peteypickem You mean the $5K I put in around $30,000 will get me a sultry piece of Greek Souvlaki? Yummy
How many pieces with the $5K I bought at $1.5 area get me?
@ThebondoKid. I just meant Id like to add lower If we get a PB you may it right that $2.75 is the bottom. $2 may be a stretch but ive been around long enough to know stocks dont care about rationalization and there is nothing that says they wont shake out some weak retails with a deeper cut.
Im in and ready if the dont let it PB but have a small portion tucked away to add if the opportunity comes
Id love to see price PB a bit to the end of week to add more around $2 and then spring earnings early next week to get the party started
Anyone know earnings date? Whisperer has it now on the Monday after the bell. Any confirmation?
Chances are better it hit $10 by end of the week. "If" there is continuation on Monday.
"If" this stock is really going to blow. It will not be creeping up slowly and $10 should not be your target.
Earnings whisperer has moved the earnings date to August 21st after the bell. Not sure how accurate this is, but just updated today.