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I just posted a message to him on there
Not a bad day at all considering we got rid of a ton of baggage
Has anyone asked the CEO if they are diluting?
AND IT DOESNT MEAN IT DOES!!!!
Timber? Lmao.. it's up 21% and headed higher right now
Move your buy up to 0008 and you can have them ??
I don't have ooo7
They really pr'd about selling gummy bears? Geez what have I got myself into?
Headed Back to trips 0's. Dammit
I got in at 1.83 and sold at 1.37 when NEWS hit the other day. I took a nice sized loss but I'm so glad I got out then. DRYS
Alright I'm in at .0008.. let's do this
Aren't we supposed to get dividend today?
Was nice bid support. Ate right through it. How does that happen with 1.6k on the bid and 2 or 3 hundred ask? This is bs
Ok guys.. obviously something happened today. Massive buying came in mid day. Hopefully we'll see something later.
SHORTS COVERING !!!!!
I see that!! What the hell is going on? Insiders getting in before news maybe?
Kalani Investments - Who They Are And Why They Love DryShips
3/20/17, 1:37 PM
In the past several months, DryShips Inc. (NASDAQ: DRYS) shareholders have become very familiar with the name Kalani Investments. But other than the name, there isn’t much to know about the mysterious firm founded in 1996 and domiciled in the British Virgin Islands.
According to filings, Kalani is an investment vehicle that is not directly affiliated with DryShips. After DryShips underwent three reverse stock splits in 2016, the company announced in November that it had secured $100 million in financing from Kalani, leaving many investors to speculate that DryShips CEO George Economou is actually the one pulling the strings at Kalani.
No Short Story
On the surface, new financing may seem like good news for DryShips and its investors, but the story doesn’t stop there. In December, Economou assumed most of DryShip’s outstanding debt. Shortly thereafter, the company announced a new $100 million financing round that diluted shareholders by raising the share count from 1.1 million to 33.8 million.
On Dec. 15, DryShips announced a “comprehensive refinancing, deleveraging and strategic repositioning” that included upping the company’s credit facility to $200 million. It also included a $33.5 million payment to Economou.
Kalani resurfaced with another $200 million refinancing agreement on Dec. 27. Within days, DryShips announced a new option contract to purchase 4 VLGC ships from other companies controlled by Economou at a total potential cost of $334 million for DryShips shareholders.
By Jan. 13, DryShips’ share count has expanded to 69.3 million. Even after another 1:8 reverse stock split on Jan. 19, the share count had ballooned back up to 107.9 million by Jan. 20 after DryShips utilized most of the remainder of its Kalani equity line.
Although Economou’s influence on Kalani is up for debate, traders have speculated that Economou is using Kalani to recapitalize DryShips and unload assets at the expense of DryShips shareholders. Incredibly, since Dec. 1, DryShips shares are down another 96.8 percent.
Shares of TOP SHIPS Inc (NASDAQ: TOPS) initially doubled last week after the company mentioned Kalani in an SEC filing. Traders are speculating that Economou may attempt to use Kalani to orchestrate a DryShips buyout of TOP Ships in the near future.
Related Links:
TOP Ships: The Oil Shipper Whose Market Cap Doubled Yesterday
Don't Let Offerings Blindside Your Th
Non dilutive? You better read it again
Why even come out with that then?
Bottom? Haha!! This is far from the bottom
What is a true escrow ?
Which one is the smart board?
Is that our April fools day joke?
Potential buyout? TOP Ships: The Oil Shipper Whose Market Cap Doubled Yesterday
3/17/17, 10:45 AM
TOP SHIPS Inc (NASDAQ: TOPS) was the latest shipping name to experience a wild daily swing in share price Thursday when the stock closed the day up 109.5 percent on rumors that the company could be a buyout target for rival shipper DryShips Inc. (NASDAQ: DRYS).
In recent filings, TOP Ships mentions Kalani Investments, a potential proxy for DryShips CEO George Economou. The theory among traders is that Economou, who has reportedly attempted to acquire TOP Ships before in the past, could use Kalani to try to close the deal this time.
“On February 14,2017, the Company entered into a securities purchase agreement with a non-affiliated non-US investor affiliated with Kalani…” the filing reads.
Related Link: Low-Float, Heavily-Shorted Stocks Are The Volatility Play Right Now
TOP Ships owns and operates eco medium range tanker vessels and specializes in crude oil transport. Like most of the rest of the shipping industry, the stock has been hammered in the past three years, plummeting 98.0 percent.
While the long-term outlook for many of these shippers remains cloudy at best, the low float and high short interest associated with many of the names have made for some extremely volatile swings in share price in recent months.
Back in November, DryShips shares surged from a split-adjusted $31 as high as $808 in a matter of days before quickly plummeting back down to below $2.
According to shortsqueeze.com, TOP Ships’ short percent of float currently stands at 22.1 percent.
TOP SHIPS traded recently at $1.89, down 13 percent on Friday.
Why pay a .01 cent dividend at all?
What happened to the squeeze that was supposed to happen? I thought everyone was saying shorts had to cover by this past Friday? Excitement is gone from this one and for that reason I'm out.. lol
Numbers don't look good. Said something about no guarantee to pay dividends. You'll have to read it
Could hit 1.40s today imo
I just skimmed it. Doesn't look good. Even for the divided
Shitty NEWS going down big time today
NEWS out
The last 10 mins should be interesting
At this pace we'll be well above 100 million traded today
10 1/2 million traded first 15 mins!!!
We could break 1.70 pre market
Can't blow out a stop if ya don't set one. To the moon DRYS!!
Now we need a or that says dilution is over and we be over 5 bucks friday
DryShips Acquires A Second Large Gas Carrier For $84 Million
3/6/17, 11:45 AM
DryShips Inc. (NASDAQ: DRYS) is the nano-cap drybulk carrier and offshore supporter that gained notoriety in 2016 for a 1,500 percent run in mere weeks. However, its reputation is turning, as the stock has seen shares plummet 95 percent since the start of 2017, likely due to investors' increasing frustration with many aspects of the company, including a total of four reverse stock splits in the past year alone.
But the company isn't going down without a fight and has been active in raising hundreds of millions of dollars — and also spending hundreds of millions of dollars in acquiring modern tanker vessels.
Latest Acquisition
On Monday, DryShips said that it exercised its second option under a previously announced option agreement to acquire up to four Very Large Gas Carriers (VLGCs) for $83.5 million.
Approximately 25 percent of the cost will be paid on closing, which is expected to occur at some point in March. The remaining cost will be payable in installments until the vessel is received from Hyundai Heavy Industries in September of this year.
The VLGCs will be employed on a fixed rate time charter with a five-year firm duration to an oil major. DryShips expects the total gross backlog will be $54.0 million, or $92.7 million including an option three-year extension.
George Economou, chairman and CEO commented: "We are very pleased to have declared our second option to purchase a high specification VLGC with long term employment to an oil major at above market rates. This second investment in the gas carrier segment marks our confidence to the expected positive long-term fundamentals of the gas market and allows us to deploy the Company's available liquidity immediately."
See Also: Stone Energy The Latest Low-Float, Heavily-Shorted Stock To Blow The Roof Off The Market
Related Link: DryShips Initiates New Quarterly Dividend, Will Total $0.07/Share
I read today they'll be ready in the 3rd quarter