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Illegal no, Immoral Oh Yes
EOM
You simply cannot apply normal metrics and standard investment tools/charts etc tho this turd.
Its purely a GE enrichment vehicle
Trade only when MOMO indicates and never while dilution is taking place
JMHO
GL
There is always plenty available on the ask, check out the level 2, no one it seems whats to pay .004. There are always 2 ways of looking at the glass, i used to be half full here but i am now half empty. This is due to the endless stream of excuses from KJ and the complete failure to produce an audited financial report despite promising for over a year.
We will see, i have no problem being wrong and everyone who has stayed loyal making a mint, they deserve it for sticking with it.
This is all just my opinion but KJ
from 4 months ago
Then why mention the $2 billion in your statement? a lure perhaps
People will want to see what they want to see, you can lead a horse and all that. There will be no huge improvement in the balance sheet until all the VLGCs are in operation. By this time DRYS cash position will not be as buoyant as it actually has to pay for those ships. Unless GE does another cash raising exercise with further dilution of course.
Absolutely no point looking at this until the current dilution is finished, but we all have our opinions.
GL with yours i will keep my powder dry for now on this ticker
You cannot trust GE. EOM
Do not kid yourself, the DRYS revenues included all the Ocean rig drillship dayrates which peaked in 2014, some of those ships were getting $600k+ a day, DRYS no longer has this revenue stream having pulled out of Ocean rig.Ocean rig has since shafted its commons by going bankrupt while GE has protected his own presonal investment in Ocean Rig by renegotiating with bond holders at the expense of the commons, he is in charge of both if that is not a warning about the man i do not know what is.
That $2 billion is an absolute misrepresentation of DRYS in its current state and is a complete red herring, and it will never see those type of figures again.
But the biggest issue by far is the GE the self dealing, corporate highway man who will have absolutely no qualms about shafting commons over and over again, all the while protecting/increasing his own cash pile.
GL
You point out a very big red flag for me
Certainly appears to be the case, has all the makings of just another Stinky Pinky pipe dream.
Happy to be wrong but have a feeling i will not be.
COSCO is massive operation with huge container ship interest as well as bulk as is considerably larger than DRYS, how does this compare to GE and is dilution scam?
Depends on the number of shares outstanding on May 1st
Not trying to help, we have all been in the pennies for some time and this one is smelling, whether you like to admit it or not
My opinion is this is dying, the game is up almost.
Could be wrong and others will have a different view
The lack of financials after all the promises over the last year is damning to me
But it remains
JMHO
I think you need to look at this stock with a more realistic view, it has been promising for over a year to deliver its audited financials. It has allegedly hired additional help a few months ago to get this achieved yet still silence. Contracts always just out of reach
I am all for being optimistic but i think KJ has failed too many times to deliver. Always a reason it cannot produce what it has promised. I sold so have no stake, but its painfully obvious this is dying slowly.
If it does somehow manage to spike i am sure the news/rumor will prove to be false and it will continue to die
As for OTCBB, not a hope
JMHO having been around this stock for 2 years
Trading at 47c pre latest split, does not matter how much money GE steals to prop up his empire its a turd and will never return anything to anybody who holds it for more than a short term trade. Pure GE money making machine
Might not be DOA, but its on life support IMO, i have been away 6 months and this is literally no further forward, how long can the discussions take, seriously this is beyond a joke now. Its smelling riper than a good french cheese. Oh yes still no financials over a year late, come on people KJ seems to be spinning yarns not cleaning water.
JMHO
Prat
GE is well covered on the lawsuit front, he is Teflon 100%. That is why he acts with impunity and sticks it to commons 24/7
From the prospectus just so your in no doubt
The charters were signed in 2015 when GE ordered the 4 VLGC under his Cardiff Subsidiary, so yes its very old news and will not affect the PPS too much as its been in the public domain for a very long time. Anyone who has done even a tiny amount of DD is well aware of the Shell news and they are not adding anything to the party that was not there before, 2 VLGC on 5 year charters fixed price with option to extend.
No squeeze on that info and no squeeze whilst GE prints shares 24/7 365
http://worldmaritimenews.com/archives/178013/tms-cardiff-gas-returns-to-hhi-for-two-more-lpg-carriers/
Notice the date 2015, very old news
Whatever dude, plenty thought that before you, watch this turd from tomorrow, it will be a long road back with this dilution, but thats JMHO. Sometimes knowing when to take a loss is as important as knowing when to take a profit.
GL
That the beauty of the markets, differing views, i can pull up several articles telling you this is the biggest turd on the Nasdaq. Even your article is telling people to hold their money until after the dilution is complete.
Hellenic shipping news. MMMmmm would they be Greek as well. Greeks like to borrow money and not repay. Check out how much the country had to borrow of the rest of Europe to stay afloat. Old boats are not worth shit, they have massive over supply and plenty of shiny new ones.
As long as suckers are around to buy in to this GE enrichment scheme it will continue, it never ceases to amaze me how forgiving people are about GE and his financial skulduggery. If a friend did that to you you would he would not be your friend very long.
GE is very smart using others peoples money to strengthen his company and bank balance. Wish i could just raise money by printing worthless shares
As for GE and Ocean rig well he basically shafted all the shareholders and renegotiated the debt for new equity wiped out the common holders but preserving his own stake
The guy is a turd. I am just here watching until all the suckers have bought in to the new fake investment, then it may get some MOMO and it will be time to load and flip. DRYS IS NOT A STOCK TO HOLD, unless you like losing money
JMHO
Not wanting to have a go just stating
How much you down on this turd now? You have been pumping this crap for months and all its done is lose value.
The CEO is crook
dilution has been almost constant for months
The Shell deal is old news
What is going to propel this to $10
Trust has gone
Think GE has took the piss once too often and killed the golden goose
But its JMHO
GL
I said traders are greedy not investors, but you should never invest in a GE company if you value your money. i agree with you that the system allows this kind of crap to continue when in fact its a scam and should be on American Greed.
GE has spent almost his entire Business Career shafting common holders for his own enrichment
The fact he in in Greece and his comapny is out of the Marshall islands means he knows he is untouchable in the courts. He should just be delisted plain and simple and not allowed to be listed ever again in the US markets
but that will likely never happen
GL
He knows American traders are greedy, i have flipped this only for the last 5 months after initially holding like an investor would in stock. I have made back my original losses and some only playing this only when the MOMO indicates and never holding more than 48 hours.
I have also been saying this same message since November when that organised squeeze got everyone's attention and so many have been chasing it ever since, That November squeeze is what has allowed GE to finance his new toys and dilute the company to hell as so many people thought history was going to repeat, it was all a plan to allow this scheme to succeed.
Glad i have been ahead of the curve on this one
But our system is flawed when it allows a foreign white collar criminal like GE to act with impunity and disdain for his shareholders, i can assure you if he tried this in Greece he would be found strung up from a tree somewhere or floating in the Aegean.
He has just killed all the shareholders in Ocean rig as well , whilst keeping his own money firmly in the bank
Guy is a crook
GLTU