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Hadn't seen that one but found that nothing ever happened with the others from years ago and are bs filed by
short groups. MM's naked short can influence the SEC, yes they really can!!! The little guys hardly stand a chance.
And yet there are some here that are hoping you continue to lose.
SEC is a complete joke. They protect the markets. The big money. Nothing they can do to drys.
NOT HAPPENING HERE. KEEP DREAMING!!!!
AHAHAHAHAHHAHAHAHHAHHAHAHAHHA
LOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOL
AHAHAHAHAHHAHAHAHHAHHAHAHAHHA
It's all up to GE. All he has to do is provide forward guidance of profitability.
I think this moves easily back above $3 next week
From what I've read "they" will buy them up, gladly. And own 70%+ of outstanding for half of book value.
GE either thinks he's untouchable, has a great Legal team and knows he can just take drys private for less than
book value.
They only lost $15 million but reported it as $37/share based on a post reverse split count of 400k plus outstanding. And at the same time announced sec subpoena. Low volume walk down.
Shares of Common Stock Outstanding After this Rights Offering
As of August 30, 2017, 67,911,072 shares of Common Stock were issued and outstanding. Assuming the Rights Offering is fully subscribed (either with or without the backstop), then we will issue an additional 36,363,636 shares for a total of 104,274,708 shares of Common Stock outstanding as of the closing of this offering. As a result of the Rights Offering and backstop (if applicable), subject to the terms of the Purchase Agreement and conditions of the backstop, the ownership interests and voting interests of our existing shareholders that do not fully exercise their Basic Subscription Rights will be diluted.
GE and associates own 53% of current outstanding.
Thank you for your response!!!
There are dozens of listed companies investigated by the sec every year that don't get suspended. Why are you
out to hurt the longs here by creating fear? Just curious because you don't know anything factual yet post like
it's a certainty.
What does lowest price friction mean?
So, in your opinion is it time to buy drys? TIA
So, you think 36 million shares could be bought at these levels??
POWER
AGAIN, how do they now PROTECT CURRENT SHAREHOLDERS BY HALTING THE STOCK?
BUT, the common shareholders are wiped out, RIGHT????
don't you think they're just a little bit to late now!!! all the dilution is over, they should have stepped in a long time ago IF they were interested in protecting shareholders. Now they're just interested in protecting MM's!!!!!!!!!!!!!!
Just how do you suppose halting the stock will PROTECT current shareholders?????
sure seems a lot of protection for shorty is being manufactured
MM's are naked short millions upon millions of shares
from that article...........
" The company has also just posted a massive loss for Q2 2017."
$15 million is a MASSIVE loss??? tooooooo funnnnnnnny
" The stock deals helped the carrier ride out a downturn in the commodities business and come out of it with more ships and a bigger share of th"
duh, didn't day drys filed bk, just pointed out the companies that do cause investors to loose 100% as the commons become worthless and yet after they announce bk their shares keep trading...............
so you call going from current 67 million outstanding to adding 36 million more "doubling the share count???? and, it will add $100 million to drys bank account!!!!!
They don't suspend companies that file BK
None, as of current price but soon when this cloud of doubt is lifted the price will be much higher.
That's your opinion. I see it the opposite. They know drys is worth much more than $2.75/share. Why didn't they
Offer the shares at half that price????
With kalani
67 million plus 36 million. Gander at their assets and revenue potential.
Begin to realize the true book value of drys. Why would ge offer at $2.75 when the book value is soooo much higher? Because they hope to get the majority of the offering.
Agree, "right now". But it's not staying at these stupid prices for long. The dark cloud will dissipate and the real
value will come to light, as it started to today.
expecting lots of good pr's in the coming days, weeks
and they will gladly pay the $2.75/share!!!!!!!!!!!!!!
"As of the date hereof, entities affiliated with Mr. George Economou, our Chairman and Chief Executive Officer, beneficially own approximately 36,363,643 shares, or 53.5%, of our issued and outstanding Common Stock"
68 MILLION SHARES OUTSTANDING WITH 36 MILLION BEING RESTRICTED, THEY ONLY LOST $15 MILLION IN THE SECOND Q AND WHY GE SAID NOTHING ABOUT Q 3 AND 4 EXPECTATIONS MAKES NO SENSE UNLESS HE'S PLANNING ON DOING SO VERY SOON
I THINK PEOPLE SAW A LOSS OF $37/SHARE AS BEING A WHOLE LOT MORE THAN IT REALLY WAS
Hopefully ge will provide some info on forward projections
And, 49% Morgan Stanley
Because "they" could and wanted to. Pure manipulation, started before the 6k came put. Took out all the stops
and put fear in the longs. This stock is soooooo undervalued. A lot of big blocks came in after the drop.