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Yep, but there are a couple of ways to make bank on this stock.
Because it did last time. Because the share price will be too low. Because it lowers the outstanding share count. Because he will want to do it again. BTW I'm long at certain points and I never short because I don't have the balls to short, especially this stock.
Why would this not RS?
I'm with you, I just have 1k shares but I'm stuck as well.
From the looks of the historical splits they've done. This could be awhile. They need news of contracts or the patents mean squat. Anybody can have a patent.
Notice it did not go below January 31st low.
Seriously, why all the drama with your typing.
Makes sense.
Anyone know where to get pre and post market historical data?
What's your point, thanks.
So Kalani or it's affiliates are not allowed to short? S-37
https://www.sec.gov/Archives/edgar/data/1308858/000091957417002151/d7407889_424b-5.htm
Thanks.
Wow, that's it??
I find it interesting that only 700k more sells than buys Friday and 400k was on the initial panic. We all know the market ALWAYS over reacts. Market has had 3 days to digest this time. The BDI is up again for the third day. Last time it was down everyday but one I think. It has been stated several times there is 40% APR on borrowed shares, all on a $4 stock. Some things to think about for a real good pop on Tuesday.
HanJin declared bankruptcy, maybe GE wants to pick up some ships with contracts very cheap right away.
You might as well just said, if you bought on 11-9-2016 and sold at the top on 11-15-2016. What if's don't make money!
http://dryships.irwebpage.com/press/dryspr012017.pdf
To me this is old but some may see different!
BDI is up for the second day in a row, +3 yesterday and +22 today.
Unless they have about $20 million dollars to move it .50 cents they are not going to move it very far.
I use the OTC site quite a bit. But here is a question no-one has answered yet. There are TWO numbers for DRYS or any stock. There is the one under the graph it is 29.79% volume shorted,then on the right side of the graph there is 53.57% daily shorted. What is the difference between the two?
Yep, but the author swears he is just trying to "save" everyone.
Absolutely!!
I would think that not too many people would disagree with you. But I'am looking for the long game "scam". as most people are emotional traders or momo traders. I think he has more up his sleeve than meets the eye and seems to be a step or two ahead of the above described trader. By causing a huge spike every now and then he can better affect his scheme.
When GE purchased those ships, did they come with the charter's already in place?
Maybe it doesn't mean what I was thinking but I read it here. http://www.advfn.com/news_Prospectus-Filed-Pursuant-to-Rule-424b2-424b2_73570153.html
Prospectus Supplement and the Accompanying Prospectus also cover the resale of our common shares by the Investor to the public. The Investor is an "underwriter" within the meaning of Section 2(a)(11) of the Securities Act of 1933, as amended, or the Securities Act, and any profits on the sales of shares of our common stock by the Investor and any discounts, commissions or concessions received by the Investor may be deemed to be underwriting discounts and commissions under the Securities Act.
Kalani as an underwriter would not have to file, correct?
I do not disagree nor does it conflict with my theory or how I would have done it. My way would net them way more money (in the millions ). GE is way smarter than me and I'm sure would have tought about keeping some of those artificial shares only to run the price up to sell at a profit. He knows how gullible/greedy/ daytraders and momo traders are. Why would he/kalani not do another run up if he/they owned shares?
This is why I'm watching and hold a small position, I think he/kalani is greedier than me. Plus like you and I both agree on, this is his vanity project, he would not want this to languish in near pennyland, he would want the world to know "look what I resurrected from the dead, look how I saved it from BK"
Yep, or your stock is doing well and GE/Kalani has been slowly accumulating shares then do a forward split.
Absolutely, so the consensus is that they shorted then purchased to cover. Did they buy more shares than they needed? Since they were the underwriter they do not have to disclose how many shares they own. If it were me, know the history and what people are expecting from this stock. I would have purchased twice as many shares (for free because I shorted it) and run this baby up past $100 again and of course sell into the momentum and day traders.
Thanks, but are you saying he shorted it at $3.75 range and covered higher. Because the 6k says and average purchase price of $6.30
That's what I said, what I wanted to know was at what price did Kalani start shorting the shares, because an average buy back @ 6.30 seems rather high.
Ok, I'm confused. I've been trying to work this out in my head. Supposedly Kalani is fake or incahoots with GE etc...So they need to raise a lot of money to buy ships. So GE sells Kalani $200 mm worth. Kalani (shorts) drys at what price ? Then buys the shares from GE to cover those shorts correct? So really no money is really exchanged or needed. But his average purchase price is $6.30. What price did Kalani need to short DRYS in the first place? This was before and after the last RS.
I agree but unfortunately as heavily manipulated as this stock is,it's hard to tell what the market thinks. We do know that most think that GE is a scumbag.
Holy seesaw batman, how is this trading 19.6 million shares and the price only moves a few pennies.
Not as good as you are trying to get everyone to believe.
First of all, WHY DON'T YOU POST THE REST OF THE ARTICLE?
However, before investors look at the stock price and do the math, there's one number that matters even more right now: cash flow. Unfortunately, that number is nonexistent. Furthermore, considering that the company has already announced plans for the bulk of its cash hoard, it is not as good as money in the bank.
Second of all, why didn't you post a link?
http://www.foxbusiness.com/markets/2017/02/08/here-most-remarkable-thing-about-dryships-inc-fourth-quarter-report.html
Good discussion, I don't know why a hedge would touch this either. Let's say he is involved or is Kalani, it would make more sense to drive this price way up and hold then do a forward split, keep a buch of shares, sell them and buy ships. I also wonder if he has played the RS to many times and he thinks he pushed his luck on that final one. He definitely is creative and thinks outside the box regardless of the expense it causes others.
I agree with what you say on all accounts. I think DRYS makes him feel like a big shot. That's why I was asking about different scenarios. I also agree about this being a trade only, as are most stocks for me.
So, let's assume he wants this to succeed. He needs more ships, correct? If this is a vanity thing, why would he not (at some point in time) want the pps to stay above a certain point?
So is there only two ways too get out of that debt?
1. File BK.
2. RS's until he has enough ships to pay back that debt.
I have a question as far as the buys and sells are recorded and how they affect the price. If there are more buys than sells then the price goes up, correct. So if shorty has to sell (naked or borrowed) doesn't that show up as more sells? So than the price should fall, correct? So if the trades show up as 1.5million more buys doesn't that mean shorty is not shorting?
I get 15 min delayed info from Ihub,but right now there is 1.2 million more buys than sells!