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Reverse again? ?? So do two reverses make a positive reverse?
My guess is buyers are aware of this dilution stock. No need to buy if the company keeps selling for 0.0001s
Perhaps they will take back the bonuses GE paid out over the past and give to the investors
Jack built the car and Immelt drove it into the ditch. GE, if not careful, will be another too big to fail.
It's not just Alstom Power. The Baker Hughes partnership (I use loosely ) was also a debacle. I expect to see a major offload of divisions. Gonna be a bad christmas for quite a few folks.
Looks like major layoffs coming to cover the losses
Agreed, this company is representative of quite a few larger corporations. They play a visible shell game while the board permits it. Financial members (CFO) of a company don't make money, they just track it. If they get into a position to run the company, they usually squeeze it to a slow death.
I think you're right. The R/S should take over by my calculations
NM, I believe this ride is over. Wish you the besr
So did GE just buy 350 billion votes. Guess there is no need for a board
Looks like ORIG will need an RS too.
So, before the R/S if GE converts his preferred shares, does the O/S go to 1.2 billion?
100 million shares to be exercised. Then R/S.
http://money.cnn.com/news/newsfeeds/articles/marketwire/1235119.htm
NM
What are your thoughts if Orig drops below $1 dollar? Consolation of companies? R/S and more dilution? Looking for a silver lining. Orig, I believe could stand on its own two legs. The leadership is the big concern.
NM
Do you think the 100 million shares will be exercised before or after the R/S?
A reverse R/M into ORIG would surely have a negative impact on an already falling stock. I don't see the forest here.
On December 3, 2015, DryShips Inc. (the "Company") reduced the size of its board of directors (the "Board") from six members to three members. Ms. Chrysoula Kandylidis, Mr. George Xiradakis and Mr. Vassilis Karamitsanis tendered their resignations from the Board effective as of the same date. The Board of the Company will consist of Mr. George Economou, Mr. George Demathas and Mr. Harry Kerames. Mr. Demathas and Mr. Kerames are considered independent under the rules of NASDAQ Stock Market. Mr. Kerames and Mr. Demathas will serve as members of the Company's Audit Committee, Nominating Committee and Compensation Committee.
Interesting ...
I don't recall a share buy back announcement. If this were true, I think we should have seen an uptick before the shorts rallied again
NM,
Two Supramax were sold back in November for 12.1 Million. Are these the two you're referring to?
TEK
looks like you have confirmation for the 7th.
Another day of infamy?
Let's hope for good news.
http://money.cnn.com/news/newsfeeds/articles/marketwire/1233552.htm
Probably means the news coming is not good.
Two supra max vessels just sold for $12.1 million Nov 15
NM
Sounds like your tone is changing on ge holdings. Are you still long on drys?
Looks like the stocks are starting to separate. Drys dependence on ORIG looks to be weakening. Hard to tell which stock GE is trying to support. Anyone have a plausible theory that kicks Drys above one and decoupled from ORIG?
Too good to last. LOL
Amazing, is drys mrkt cap actually valued higher than orig shares owned? Maybe ge is onto to something. Glta
I find it interesting that ge doesn't appear to care about the negative press coverage. If the Financials are correct, the fundamentals should carry pps higher. It is almost as if ge wants to bury both holdings. Each time pps moves up, either ge or negative press drags it down the very next day. A quandary at best
Looks like they're setting up for a 10:1 R/S.
Unless something substantial becomes evident on the 13th, the emotional tide will be against drys. It is unfortunate this once jewel has turned south.
It goes to communication and fiduciary representation
Based on pps trend and lack of extension disclosure before now, it looks like ge is going to let both ships delist and go down. Unfortunate.
He did. He quit caring about shareholders long ago. I think nasdaq should foot the bill to cover losses in allowing this impropriety to exist
Fundamentals are out the window on this pair.
Looks like the shorts are going to hammer orig into a matched penny pair with drys. Appears ge is giving up both ships.
Looks like the shorts are chasing orig. Not a pretty picture.
I think a big question for everyone is whether or not ge manages orig in a fiduciary manner or does he skim the profits.
I'm guessing with the 10 requirement, ge has to do something in the next two days. Otherwise, extension or delist. I can't think of anything substantial to warrant the dollar mark so I'm thinking extension request in two weeks from now or delist.
For drys, It appears the shorts are being held up by the value of orig. If ge goes through with the r/s, the shorts will most likely be back in force. This may be what he wants ... he could then buy drys at a significant discount and take the money and run. Orig, I believe ge wants to keep as a revenue source and customer for his private fleet of tankers. Jmho.
NM
Based on history, I'd say you need to include an impairment charge.
NM
I think the pps value represents the markets trust in ge. Zero. Unfortunately, ge has given nothing to shareholders to put stock in. Pun intended.