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just think how much the guy that bought over 400 mill share of bets just to sell to lose 70 thousand just think how he would have lost if he would have held thru the r/s .. lol go shane stoole pigeon for barry and greg all are
just think if u bought 30 mill now worth 690 dollars
i would like to see at .ooo9 again
betsd has nothing to lose they just sell out shareholders to get what they need called a sc....
they used paid apollobet for some clients since they never paid the 2 mill for them ..imho
as seawas would say go big or go home looooks like he was looking at a different stock because we all know he is broke on thee first 100 mill shares..scam bigtime
everybody should wait till the next r/s to get in ,,since betsd is at this price they will go faster down and share count will rise real fast now,,looks like
betsd giving share away for .00122
just think the guy that bought 100 mill shares has 1 mill shares worth 2300 now they paid 70 thousand
dilution will grow fast now
apollo is getting shares for .00125 selling those shares for .003 or more . bets has gave the company away for nothing ..lol
apollo owns bets bets is there little punk a...
SHARE STRUCTURE PER TA
4/7/17
AFTER REVERSE SPLIT
DATED 3/14/17
Authorized: 400,000,000
O/S : 48,522,673
Float: 47,650,953
was 34 mill
minus 1 zero
i would say nothing has been paid off.. apollo owns bets and they will never let bets off they will sink it again thats always been apollo plan sink bets,,,bets is joke of a co
TITANIC vs DRYSHIPS ON PARALLEL:The Mystery of DryShips
Despite being one of the most traded stocks by volume on the market, it's hard to say what DryShips really is. On the surface, the company represents itself as a diversified owner of ocean cargo vessels that operate worldwide. While DryShips owns a sizeable fleet of assorted sea-based shipping vehicles that is continuing to grow, the company has experienced a marked decline in revenue while hemorrhaging cash over the past two years. While DryShips' valuation correspondingly declined over this period, shares rallied significantly over the past week as the company announced the acquisition of four bulk carriers for $124 million.
A Completely Unnatural Ability to Raise Capital
DryShips, for better or for worse, has never experienced any problems in continuing operations, even despite the troubling operation concerns in cash flow and revenue shrinkage. Although investors have been excited by the recovery of dry bulk shipping rates, this fails to account for the incredible ease DryShips has been able to aggressively and repeatedly conduct capital raises to grow its fleet of ships. With income statements revealing the burn rate continuing to get worse, the company's ability to receive capital injections and invest in very expensive shipping vehicles is shrouded in mystery. By almost any standard understanding of capital markets, this is ridiculous.
DryShips' strong access to capital makes even less sense when its industry is considered. Investors are typically wary of capital raises by shipping companies. This stems from an extensive history of such companies overinvesting in their fleets beyond their means of expansion. Terrible capital allocation is fairly common for shippers and where they frequently drown the earning potential of hundreds of millions of dollars when said companies are unable to find a profitable use for newly acquired shipping carriers.
Cash Is Dwindling, That Raise is Coming
The company reported $243 million in cash on hand at its last fourth-quarter results. Although this seems like a tremendous amount of cash, the impact is diminished by the complete lack of positive cash flow in addition to the company's recent $124 million acquisition, implying cash levels are currently below $110 million accounting for the accelerating burn rate.
Based on current information, it seems unlikely that DryShips will be able to achieve any meaningful level of profitability over the next two years. With recent acquisitions impacting the company's financial liquidity, one can only assume another raise is in short order for DryShips.
Mystery Investment Group Will Dilute All Shareholders
Because DryShips just seems to lack the ability to say "no" to sources of capital, existing shareholders should just expect to get diluted down to nothing eventually. This isn't an exaggeration; look at the last two equity rounds announced within just two months of each other from December 2016 and February 2017.
When the first round was announced late last year, it was announced that the $200 million stock offering could take up to 24 months to complete, it completed in under 40 days. Less than a month after completion of the first round, an offering with the exact same terms was announced again. Representing a massive total of $400 million, completion of this financing probably blew out any previously existing shareholders.
What's worse is that proceeds from these offerings went on to purchase speculative investments such as oil and gas tankers. This shouldn't come at a surprise though, DryShips has an established five-year history in really destroying shareholder value, and it's nearly an art form now.
The most important question remains, what entity provided DryShips such substantial and rapid access to capital, not once- but twice? That would be Kalani Investments Limited ("Kalani"), an "entity apparently unaffiliated" with the Company. Despite the group being capable of fully exercising $ 200 million + offering in under a month, nobody else had heard of the group until their involvement with DryShips. With little proof of Kelani actually existing in the function of an investment group, some investors suspect Kelani may actually be a puppet controlled by the head of DryShip.
So Is DryShips Actually Improving, or will it sink like the Titanic?
Like one of the seven wonders of the world, the tremendous liquidity of DryShips is a sight to behold. A number of investors have likened the company to the Titanic, a ship shrouded in mystery and intrigue that sank in the early 20th century. While DryShips hasn't sunk yet, many seem to believe that the company will suffer the same fate.
This is highly unlikely, as seen with Ocean Rig's bankruptcy proceedings, the CEO realizes that his public companies are incredibly important for his success. That being said, it's hard to imagine that the company will ever become profitable or even viable as a long-term investment, given the random nature of its substantial acquisitions, and the rapid dilution from Kelani's $200 million stock offerings. At the very least, betting on a turnaround could be like staying on the Titanic.
the day drys went to over 100 was to draw everybody back to hope it does it again but the r/s hsappen after 100 now they will sell then do another split
this is newlf how many r/s did now its drys r/s how many more
they are dumping hard
the update really said nothing maybe they paid apollobet the money to buy the clients they had since bets never closed the deal for the 2 mill dollars nobody really knows anything about whats going on,,lol
just think people put 70 thousand in betsd now have 3000 dollars
we all know apollo is dumping
my guess is bets took on toxic loans in oct nov dec 2016 and jan feb march 2017 ,,imho
they are waiting for the 10k to get in
betsd has handed out shares to alot of companies for service ..
apollo is not the only one dumping shares
apollo dumping shares
the question is did bets take on toxic loans in oct nov dec 2016 then if they took on more in jan feb march ,,,2017 this will tell if bets goes back to trips
drug the share count has gone up since the r/s so somebody is selling shares..
that raised it to 500 mill then they said raise it to 1 bill so its going up as u speak
just remember what they did to u the first 100 mill u got 1 mill now
if is the biggest word if if if lol
nothing bets does is under control
the stock will have to go to 10 cents for people to break even from the r/s shares
sounds like they bought are cheating everybody ,,,lol
barry and shane both are no longer directors they both are a joke
seawas sounds like we have two different co just like rep and dem
barry wants paid shane did not like that barry will get billions shares for nothing go barry sell sell sell