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.
i would not short this at the current stage of proceedings not enough reward. eventually it will find its bottom, maybe its now maybe not, but GE runs the show and he will decide when to stop dilution, he knows being a foreign company means he can pretty much do as he pleases as long as he tells everyone first.
Plenty of smart money thought they caught bottom in the last 8 months, plenty got burnt.
GLTU but its no sure thing. Only GE makes money consistently here
Never heard that one before, stop shouting so loud, your supposed to be keeping this quiet so you can accumulate remember
Something a little more up to date
https://www.fool.com/investing/2017/07/13/the-stunning-number-that-no-dryships-inc-investor.aspx
Finger on the pulse LOL
this story is older than the bible and in case you had not noticed there has been a huge crash in this oil and gas markets since then
No room for sentiment when trading LOL
why would i short this now, all the money has been made. its trades at a friggen $1 after numerous reverses. Anyone shorting now is stupid i am merely pointing out the 13g is not up to date and designed to mislead and lure in buyers. MS held a position back in November which did exactly the same thing and lured in the suckers for the massive ride down to where it is now.
GLTU
Against GE i do not think so, GE does not let commons vote, he runs the show
Dates as of 29th june wiseguy
The 13g is dated as of June 29th, so if MS still hold that many as of today they have already lost 50% of their position already. Also its stated 6.1% ownership yet they only list 523k shares as of June 29th, yet we know the outstanding is already over 26 million meaning only 2% of outstanding shares now, all the while dilution continues and they will continue to sell new paper, smells like insider BS to me. All these people trying to 2nd guess the master scammer MR GE, too funny.
Trying to 2nd guess GE is an exercise in futility and will get you in the poor house pretty quick. Sit back and watch from the sidelines. when MOMO and volume indicate trade and get out, been a while since we had good day with this turd, but i keep in on the radar and will play again briefly if i see MOMO return. Sadly looks like GE may have shot his golden goose with the last split.
Thanks for the heads up 12 year
Danish company that provides water kiosks to Africa, not sure why they would need Cardinal as they look like they have it pretty much covered already.
http://www.grundfos.com/market-areas/water/lifelink/solutions/water-kiosk-with-water-supply.html
Just sounds like the same old waffle/plate spinning to appease shareholders which if you actually analyse means nothing has actually happened to actually add revenue to the company, its always just a little longer, its been this way for the last few years.
Before anyone one tells me to sell up and move on its is trading at the bottom so i can hold a few shares for pure speculation for not much money. But its no golden goose and all the excitement over another update that does not actually put any money in the company coffers is too funny.
These updates are just PR to the shareholders to keep them happy for a while , only official filings actually mean anything, to prove my point this In the news release from exactly one year ago
http://c.eqcdn.com/_a8954af173fd2a057c624938c4ebbde4/cardinalres/db/3/4213/file/Bayelsa+restart.pdf
Promised a lot, delivered nothing and no follow up on any progress once the dust settles. Par for the course it seems
I am sure this Camwater saga will continue to drag its heels, all the while no audited financials, no ideas on actual debt/revenues share count of CDNL only the promise of a potential big pay day, which is getting a little old
Hoping that some excitement is generated from this to the less well initiated so i can flip it, because the chances of non delivery and the PPS falling back down is pretty high based on history
IMO.
Sadly its all conjecture positive or negative when it comes to this stock, incomplete or no information. Promised updates that never seem to happen. ridiculous delays on promised financials now over a year later than indicated.
From May 20th 2016
http://c.eqcdn.com/_4733ae9bd2fc6de568cc8a18cf1f7964/cardinalres/db/3/4212/file/Filing+Process.pdf
Ever heard of King Canute? you should look him up as you are also trying to hold back the tide, its down 12% only longs feeling any pain.
Seriously?
you must be on the wrong ticker LOL
Just another reason to avoid this turd, only play when it spikes ( been a while since that happened) and never stay too long, trying to 2nd guess GE is not profitable. Even then once the spike is over its back to the shorts, its been following this pattern for a year now.
https://seekingalpha.com/article/4068243-dryships-voluntary-reverse-split
Guess not
too funny
its was so obvious
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=130999393
Good to be back
That 6 month hiatus meant i had to sit on my hands for a long time ( very uncomfortable)
I said his Hotel, not his house LOL
I too have been to Africa, even took some photos, did not mean i was about to seal a large life changing deal.
There are still lots of questions that remain unanswered regarding CDNl, the involvement of the Canadian Kevin and his Charity in particular, you remember him he was all over that unit that went to china in December ( Why ?)before the Chinese pulled out and then nothing more from him.
There is a long list of issues that we might get to go through if KJ stays true to form and drags this out.
Could be from his hotel room for all i know, it is just bait without follow up. Optimism is what KJ has taken advantage off for too long, delivery is long over due
I never take investment advice from penny traders LOL, not a winning strategy
GL
KJ has failed to deliver on so many occasions it is entirely natural to be highly skeptical of anything that he tweets and there is usually no follow up.
Like i said its a photo nothing more.
I believe they were going to have unit all over China last year, oh yeah did not happen.
Oh yes the financials were an absolute priority for the company to move forward, a CFO and all the kings horses and all the kings men could not produce them after over a year of trying.
So i will remain on my fence on this one, i hope it comes off as i have a soft spot for CDNL as i hung around for so long waiting for the success we all craved. I have a few $ in it for shits and giggles but this is a dice roll only until a tangible, factual piece of progress is documented IMO.
GLTU
All he has done is post a photo and tweet, until an official release that is all it is, as for the volume less than 3 million last i checked , hardly stampede.
Hey Kudos if it comes through to all those who have hung on, but we have been down this road many times before. Lets just see if an official release follows or it goes the way of the financials.
JMHO
GLTU
Yeah right whatever, the unrelenting crap that is being linked to DRYS is laughable. Drys is listed here in the USA. Please explain to me how Greece making spending cuts to receive more loans to carry on functioning is an any way what so ever related to DRYS.
Instead of posting pointless links, explain your thesis on this turd.
Just someones from WSJ opinion but i think it sums up DRYS very nicely
GE is a peach
DO you DD most of Drys bulk carriers are old
You have been screaming buy since early this month, if you had done so you would have lost a huge chunk of change as this has done nothing but drop since.
So DRYS is undervalued, so what! its in the middle of another round of dilution so its value is going to continue to be diluted. No point in buying until that ends and the MOMO says buy. You have been so wrong on this just chill for a while and save your dignity.
It may come back but your desperate pumps are not working whilst this is being diluted.
DRYS is a tiny speck in the world of shipping, its not a major player so the links to $80 billion LNG plants are hilarious, it has 4 VLGC on order and these are already chartered.
http://worldmaritimenews.com/archives/161952/vlgc-fleet-to-increase-by-23-pct-in-2015/
Share buyback whilst diluting, yeah that makes perfect sense, your funny he is trying to raise more cash to cover his ship purchases not spend it. There is is no $420 million as its already spent, no money for buying shares, why would you do that anyhow when you can just reverse again and keep diluting.
Like we did not know it LOL
https://seekingalpha.com/article/4064633-dryships-heading-zero
Yes its all very sordid, i still cannot believe how many people are prepared to sink there hard earned $$$$ in to this during these cash raising dilutions, when in all likelihood they will lose money.That November squeeze blinded so many and in hindsight it was obviously staged to attract interest to allow for all this cash raising.
It does appear that GE has pushed is luck once to often and is struggling to complete this last round.
It would not surprise me if GE has to raise the money by some other method to complete his buying spree. That would at least spare current commons from further dilution.
But based on his track record if i was a bank i would not touch him with barge pole as his history of defaulting is the only thing that is first class about this self serving crook.
For the last 5 months this has screamed short or leave a lone but so many commons have lost a boat load still. I just do not get it, i made some rookie mistakes when i first traded, ignoring the sentiment etc but even Stevie Wonder could have seen this train wreck months ago.
As for the Nasdaq and SEC whilst GE may have played by within the rules they should have realized by now the game is broken and closed the holes to stop this destruction of US commons by a foreign company with the money leaving the US for GE and his cronies, shameful.
JMHO