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Why not say $4000 LOL help lure in some more people easily parted from their cash, sad thing is some people appear to actually believe that crap, the only one banking millions on this turd is GE, every day is a party for that guy, all off the gullibility of the American investor.
If he tried this crap in Greece he would be in a shallow grave/prison by now, we just keep taking it hard and DRY LOL, seems the American investor likes it that way.
This train wreck is compulsive viewing, how long can he keep luring moths to flame.
GLTU
GE is king of the fluff PR, We already knew about this for days so its not new news, we already knew he had taken the option of the first ship, expect a nasty one to follow in the near term about the amount of shares out there. He only released the reverse figures because he knows the actual numbers will be much higher come Monday i suspect even after the reverse it will be over 10 million shares out there, no November price spike repeat, especially as the dilution will continue unabated i am sure.
AS for these gas carriers, i am sure they will eventually be leveraged against debt GE will lend to DRYS at preferential rates and the charters will just be used to pay off GEs debt not build a company.
Need to change the name to smoke and mirrors shipping, it suits GE better
I can hear the laughter in Athens from here as he watches the little pigs buying in to his shell game hoping for some kind of mega squeeze repeat. Let the nasty little toad sink i say and stop playing his game, plenty of much better run shipping stocks out there, do not waste your $.
Sermon over but even a blind man can see this is a chocolate covered turd
Why would you hold a turd like this this long? the guy is a crook and its been obvious from the last several years performance that GE doe not give a rats ass about share holders and it was not a long term investment. This is a short term trade only not an investment.
As for your losses, unfortunate yes, but also avoidable. Do not get mad at others for your trading mistakes, we can all be blindsided from time to time but $180k in this turd , seriously. With Netflix and apple etc out there Mmmm.
There maybe a short term gain if a squeeze is in acted after this split but there will still be 8 million shares so it will not be like the previous one in November but the long term for this turd remains.Plus Kanlani can still dilute the remaining shares
Sound to me that this has long been in the planning and GE has suckered longs once again.
The big difference with Drys compared to shipping in general is the involvement of GE, if you do any DD on the guy you would steer clear. He is only out for himself and has nothing but disdain for the shareholder.
A quote of his from 2005 when he took DRYS to the Nasdaq when asked why he was doing it
The big difference with Drys compared to shipping in general is the involvement of GE, if you do any DD on the guy you would steer clear. He is only out for himself and has nothing but disdain for the shareholder.
A quote of his from 2005 when he took DRYS to the Nasdaq when asked why he was doing it
This will never and i repeat never run up to $99 again without a reverse split, there are about 100 x more shares now so the price is in the right ball park unless something really positive comes out and even then its not going near triple figures, but nothing GE is going to do will make this turd worth $ 10 billion+ which is what you are proposing with a $99 PPS.
This is another GE bagholder special, the guy is a legend , he can forever it seems get other people to pay his bills and the SEC just let him rob Americans left and right, like i said if he tried this sh*t in Greece he would get lynched by angry shareholders. I really do not know why anyone would buy this stock until the Kalani (investment, what a joke) dilution is done and the OS is confirmed, then you can put a value on it.
I really do not think people get it, the November rally was staged to get everyone excited about this turd, all the while they knew they would be dumping huge volumes of shares and needed lambs to come to the PPS slaughter. All this talk of the November run up and MS holding 6% played right in to GE hands
He just laughs at the bagholders, sorry shareholders. GE is a crook, he may play in the rules but he has no morals what so ever.
Caveat emptor is all i can tell you, with Big Georges track record its a trade not an investment. Until the fire sale has finished guessing bottom is an exercise in futility.
When insiders bail before the bomb drops you know the sh#t is about to hit the fan. That should have been warning enough to most that things were not going to go well in the short term.
I would save my powder ,plenty of better stocks than this right now. Its a train wreck until the dilution stops
JMHO
GLTU
GE, The guy is a snake plain and simple, it might be legal but its not moral that is for sure. He basically sold a story about the company securing finance of $200 million via shares to an "investor" which DRYS would decide when to sell over the next 2 years. DRYS then turns around and has a fire sale to raise the money ASAP selling almost half the $200 million in a matter of weeks despite the obvious detrimental effect to the PPS and the absurd levels of dilution.
Best bit is the "investor" turns out to be nothing more than a seller of shares it buys/acquires at a discount flooding the market with millions of shares and lowering the PPS alarmingly.
The only reason GE lists in the US is he would be arrested in Europe for trying to pull stunts like this. Over here it seems all the greedy little pigs got suckered by the apparent staged mega run in November and have been buying this turd ever since on the promise of the fabled upcoming short squeeze, despite the fact the market is getting flooded with DRYS and being able to cover should not really be a problem.
DRYS is turning into a full on
GE is definitely 100% a full on
Treats his shareholders like idiots and uses them for his own purposes.
JMHO
The biggest issue i have is the fact GE heralded this share deal as such a great deal and shares would be sold only when the comapny wanted too. But then proceeds to sell as fast as he can despite the obvious effect on the PPS and the major dilution consequences to the common shareholder. It does not matter how good the deal is if the share count grows 100 fold+ in the short term it will kill the PPS.
Yes the shipping sector has suffered, but GE is still an billionaire, and uses other peoples money to enrich himself and support his failing companies. Yes he is a very smart man, but he is also very devious, conniving and downright immoral IMHO.
But GLTU going forward if you think this is a long term trade, i see it the opposite, but that is the beauty of the market. Time will tell but i do seem to have recent history on my side. It will be interesting to see how the market reacts to the cowardly Friday after hours long weekend announcement of such large dilution already.
GL
Yeah the deal is awesome, for GE. Taking the o/s from 1 million to what will obviously be over 100 million cannot be viewed as anything but negative to a share holder despite the Gloss of the gas carrier deal. I have seen all kinds of price predication's here over the last 6 weeks, all have proved to be hopelessly optimistic and will likely continue to be so, no short squeeze here as it seems GE is determined to get his $200 million ASAP whatever the PPS is. There will be be a very large O/S at the end of this exercise and shorts can cover any time they want.
Anyone who views DRYS as a good long term investment is ignoring the evidence of the last 9 years of taking shareholders for a ride. Its a short term trade, go long and go broke as you pay GEs bills for him.
JMHO
Have to admire the optimism on display here but you have to ask yourself several hard questions regarding Big George.
1 If Drys really had access to cash and a line of credit more than adequate to take up the option on the first gas carrier why in such a hurry to sell 10s of milions of shares in the company at such a low price.
2 If everything is looking so rosey with the future of DRYS why in such a hurry to dilute the company from 1 million to almost 70 million shares in a few weeks and at such a poor price
3 The reference to MS and its holdings is pretty irrelevant now as if they are still holding this turd its gone from being 6.1% to being less than .1%. Who knows why they bought, perhaps they had to buy because of how much they shorted in the days prior to November 23 when it fell like a stone and held a few extra or declared this many before they settled but based on the dilution witnessed over the last few weeks i seriously doubt they have held on to them.
4 If Drys are so willing to sell even at this rock bottom pricing i am sure its likely to continue until they have the full $200 million, knowing full well they can always hit the reverse button once again.
5 DRYS is basically GEs and the shareholders it seems are just there to support his lifestyle and poor business choices
6 Look at the last 9 years and DRYS has just been one big screw up, GE has no need to change his business model too much as he knows its the shareholders who end up out of pocket as he is both borrower and lender if he is not diluting of course.
7 even this gas carrier deal is all about George, get share holders to buy the ships via dilution, then get another GE company to manage them for a juicey fee no doubt.
8 biggest red flag of all is GE picture in DRYS corporate magazine LOL
Thats your $ he is burning
JMHO
Found a picture of Big George before his DRYS days
Now he has found something much better to enrich himself, neverending DRYS shares. When they get too many in number he just makes them disappear and starts the hard sell again.
Sweet Guy
Read the smallprint carefully with this guy, it reads something like this
Caveat emptor future bagholders
Money can be made here , but lets not forget its big George running the show, He reverse split it to death to keep the PPS up, the interest arrived with it running mental in November for a couple of days on no float. Now he is just diluting it again and getting cash, the investment firm are making money on their short position and all the while the O/S is increasing as the PPS drops, George does not give a sh#t he will continue to dilute and if needed he will reverese again in the future should it suit his needs. The Investment firm does not give a sh#t as they are making money covering their positions and will likely not hold much of the stock in the long term.
if and only if they actually make progress on this LPG vessel business and show a good return will this actually return to being an investment. right now this is a trade only. I am sure he is linked to this kalani, may be not directly but it has George written all over it.
the guy is awesome , lend money to himself and make interest on it to buy boats to then let him get paid to run his own boats via a management deal, then if it goes pear shaped eventually he can get the ships back as payment for the debt.
All this talk of shares being hard to come by, please do not make me laugh it traded 17 million today and the least its traded in the last 5 days is 10 million, seems like plenty of shares out there to me.
George likes other people to pick up the tab, why are Drys so keen to sell shares to Kalani with the PPS in the toilet, something smells to me and its got Georges fingerprints all over it
For signs of dilution
+ Look at the 6-month or 1-year chart. Harder here becuase of the reverse split but volumes have been crazy since December
+ Watch the market makers participating on the L2.
+ Call the transfer agent (TA) assigned by the company. Track the o/s changes daily or weekly over a period of time. If they are Gagged be afraid
+ Read filings made for share issuances such as the 10-Q or SC 13G. But this is the slowest method as its usually retrospective.
Looks like the market did not like the move by Mr Leichter, i wonder if he is related to Hannibal of silence of the lambs fame LOL
one minute you own 10% of the company,next you own 0%, not much PPS faith in the future based on that move
http://secfilings.nasdaq.com/filingFrameset.asp?FilingID=11718204&RcvdDate=12/2/2016&CoName=DRYSHIPS%20INC.&FormType=SC%2013G&View=orig
Looks like the market did not like the move by Mr Leichter, i wonder if he is related to Hannibal of silence of the lambs fame LOL
one minute you own 10% of the company,next you own 0%, not much PPS faith in the future based on that move
http://secfilings.nasdaq.com/filingFrameset.asp?FilingID=11718204&RcvdDate=12/2/2016&CoName=DRYSHIPS%20INC.&FormType=SC%2013G&View=orig
More smoke and mirrors from big George, you just cannot trust him. he will always win the shareholder will help , if and its an if Drys buy the ships it will be with borrowed money from george and more dilution which George does not give rip about as he will just reverse again when the time is right. George will then manage the ships with another george company and take them back if Drys George does not pay Sifnos George his loan money back, result George wins again
Its always about george doing whats best for george, he is a bright guy who has enriched himself, off the backs of shareholders by never ending deals with himself that alway benefit himself first and foremost.
GLTA who sail this turd, as it sits near its PPS low money can be made but dreams of life changing sums and multi bagger are just that IMO, trade it do not hold it,
Big George left some candy and message for all the suckers who got hooked by the orchestrated $100 bull run to sell the massive dilution.
That guy is some piece of work, he will do anything to keep his pockets lined and keep selling this candy covered turd called $DRYS
GLTA who want to sail this bagholder special
I will take the tax accountants advice personally, but its really nickel and dime stuff regarding write offs as you can only offset so much at the end of the day $3k a year, and there is no huge sell off IMO just steady downward pressure as there are no big buyers right now as no one is buying big Georges special brand of management. The guy rigs the game in his favor everytime and you can fool some of the people all off the time, all of the people some of the time but you cannot fool all the people all the time.
At the moment Dryships has some new capital and suffered massive dilution as a consequence but still has plenty of debt, just a few ships left and crappy day rates. Juts a few weeks back it was still selling off its ships at rock bottom prices and now its supposed to be the best thing since sliced bread. Market has this priced about right IMO, it may bounce around $3-$6 but i highly doubt it will see double figures . JMHO and GLTA
More smoke and mirrors from big George , market is not buying it right now. I think i will enter in to an agreement to possibly buy some shares at a discount over the next 2 years and see if George will give me a nice sign on bonus upfront like he did to kalani investments( which is probably another George Economou entity if information was available).
The guy just laughs at common shareholders
My name is George can you find the pea? LOL
Blatant BS
GLTU
That was based on a million shares O/S its now 30+ million now, so if they remain in its not 6%, not even close. This has been taking off for the last month if you believe everything you read LOL. Its had its day in the sun and the $100 PPS for a few hours back in November when the share count was a fraction of what it is now just keeps people hoping lightening strikes twice in the same place. It may rise if the the long term but its no golden goose.
JMHO
Happy holidays one and all
Shame your on the Titanic instead LOL. MS still holding 6% ha ha ha ha ha ha aha ha hahhahahah NOT.
Thanks for that Captain Obvious, but in this case its not, the numbers being quoted are only to lure the innocent and feeble minded in to thinking this is going to explode again. Same as the Morgan Stanley 6.1% crap, they bought 69k shares and who knows how many now exist is this Christmas turkey.
the paddling is getting more frantic as this ship is sinking lower in the water.
JMHO
Stop misleading people with the $ 4 million market Cap BS, this is based on a million shares O/S which we all know is woefully inaccurate and teh number in a lot lot more. This PPS may increase some but its not going very high without another catalyst. It also needs an accurate O/S to put a value on it.
JMHO
Trouble is the guy selling all the tickets is George the Greek, i have read so much crap here in the last 2 weeks is beyond funny. this is a shipping company on life support and milking shareholders time and time again. It has one brief moment of share price madness to draw in the flies on not much volume compared to the last couple of weeks and look where it is , right back where it started.
If i see Morgan Stanley own 6.1% one more time i will puke, they do not and have not for quite some time they owned 69K shares in who knows how many shares outstanding now, if indeed they still hold this turd.
This is no golden goose, but keep buying the tickets by all means,
JMHO
If they still hold its far less than 6.1% now my friend, look at the volumes traded in the last 2 weeks and continue to kid yourself the O/S is still 1.1 million.
from LEICHTER JAMES 13 g
I am not trying to convince anybody, its JMHO i am not in this game so i am neutral, just find the endless chatter amusing so pop in from time to time for a good laugh. Lots of hot air here both sides, hyperbole abound. fact remains this is stubbornly staying in a range and has done for quite a while despite "the charts", the hype and the large volumes. Check back tomorrow, pretty sure it will still be treading water. Happy to be wrong but not looking likely
GLTU
Company continues its long road to eventual bankruptcy, the CEO will continue to dilute then reverse and repeat until no one plays anymore. Money can be made along the way but this is a turd only for the occasional spike trade, hold long and lose your shirt. Its run to $100 was IMO a freak occurrence that was exaggerated by computer/algorithmic trading, its only showing continued interest as it put DRYS on a lot of peoples radar, excuse the pun but IMO the ship has already sailed here for now and only day traders flipping for pennies keeping it going.
This has not closed above $10 since November 18th the shorts from the $100 spike have long since covered and left the game smiling as wide as the Cheshire cat.