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Separately, Vetr raised shares of DryShips from a “buy” rating to a “strong-buy” rating and set a $5.41 price target on the stock in a report on Wednesday, February 1st.
February 1st/how many $ lost?
early short cover/ no buyer left/ much lower next week/
10 old 1 new rs/ dilute rest share
1.25 next/ following week 1.10/ following week date rs
desperate / add share any price/
dry ship sink / short $
nasdaq halt drys return investor loss/ ban ge from market/ may be nasdaq review drys now/ wait to see/
nasdaq need rule change to stop this behavior/ american people lose money with so many $ in bank from investor/you say it right?
legally/ not illegal/
DryShips' Potential Downside Remains Massive
Apr.17.17 | About: DryShips Inc. (DRYS) Get Alerts
Bill Maurer
Bill Maurer
Long/short equity, long only, short only, growth
(9,918 followers)
Summary
DryShips' outstanding share count is near 55 million.
There's still up to $173.43 million left to be sold.
Another reverse split seems likely.
About 10 days ago, I provided an update on the carnage for shares of DryShips (NASDAQ:DRYS). Shares continued to plunge following news of the fifth reverse split in 13 months, and I stated that things were likely to get much worse. Unfortunately for investors, shares continue to sink, and the company's latest filing regarding the Kalani sale shows there is still a long way to go.
As of my previous article, DryShips was set to have about 47 million shares outstanding, along with $188 million worth of shares remaining to be potentially sold in the latest Kalani deal. Even though shares continue to fall, there has not been that much of a change in the latest program as seen in the most recent 6-K filing:
As mutually agreed to by the Company and the Investor, the Company sold ("I") 797,432 Shares to the Investor, pursuant to a Fixed Request Notice with a Fixed Amount Requested of $5.0 million, following a Pricing Period of April 10, 2017, for a Fixed Request Amount of approximately $1.82 million at a price per share of approximately $2.28 mutually agreed to by the parties, resulting in estimated net proceeds of approximately $1.80 million, after deducting estimated aggregate offering expenses, and (ii) 7,115,017 Shares to the Investor, pursuant to a Fixed Request Notice with a Fixed Amount Requested of $25.0 million, following a Pricing Period from April 11, 2017 to April 17, 2017, for a Fixed Request Amount of approximately $12.71 million at a price per share of approximately $1.79 mutually agreed to by the parties, resulting in estimated net proceeds of approximately $12.58 million, after deducting estimated aggregate offering expenses.
Between the date of the Purchase Agreement, April 3, 2017, and April 17, 2017, the Company has sold an aggregate 16,835,593 Shares to the Investor at an average price of approximately $3.15 per share. The aggregate gross purchase price for these Shares was approximately $52.97 million. The Company's estimated aggregate net proceeds from the sale of these Shares is approximately $52.44 million, after deducting estimated aggregate offering expenses. Following the settlement for all of such Shares sold as of the date hereof, the Company will have a total of 54,923,434 shares of common stock outstanding. As of the date hereof, up to $173.43 million of the Shares is remaining that the Company may sell pursuant to the Purchase Agreement.
phase 2/3 of spending is upcoming/ capital hard to raise with no buyer/ ge play investor $ take vessel later/ similar to ponzi scam/ brilliant mind beat market system legally/ criminal mind reason 1.68/
DryShips: Is The Bleeding Over?
Apr.20.17 | About: DryShips Inc. (DRYS) Get Alerts
Short Only
Short Only
Short only
(810 followers)
Summary
DryShips' precipitous decline has halted after the acquisition of new vessels.
However, the Baltic Dry Index is showing mixed performance.
DryShips looks unlikely to keep its recent gains because of liquidity challenges and weakening Capesize rates.
source
DryShips (NASDAQ:DRYS) has halted its precipitous decline after the acquisition of three Kamsarmax dry bulk vessels. This acquisition is a follow up on some of the purchases announced earlier in the month on April 3. However, these developments further strain the company's poor liquidity and are unsupported by the other variables that affect the stock price of the company, namely shipping rates.
Because DryShips' liquidity position remain risky, and the Baltic Dry Index's rally shows signs of stalling, recent positive movements in the stock look likely to correct downwards. The bright side is in Panamax daily rates, which are showing resilience in the face of the overall decline in the index.
Vessel Acquisitions
These purchases were first announced on the 3rd of April, but the purchase deal was contingent upon an inspection of the vessels. They were built in 2014 and have a DWT of over 80k. Kamsarmax vessels are generally larger than Panamax vessels and are associated with the Port of Kamsar in Guinea, West Africa. This is a major loading point for Bauxite, a material used in aluminum production.
As large vessels, the Capesize component of the Baltic Dry Index will probably be the best reflection of shipping demand for these sorts of vessels. Note the term "Capesize" refers to the Cape of Good Hope which is also located in Africa. The Capesize Index is, unfortunately, seeing signs of decline.
ge add many share/ hard to add share when investor know all $ be spent/ another rs soon/ #1 short/
Bid | Size
0.0001 | ?
Ask | Size
0.0002 | ?
L2?
BUY/BUY/BUY 10X/50X/75X
ge criminal mind/ shady business/ doing legal way to steal investor $/
after special dividend add 2 billion share/ good investment?
drop 20/80%/ domino stop loss/haha
no rally/many more $ spending/rs soon/
light bulb heat take mj out of picture on 4/20/haha
add 2 billion share/problem fooled many time/ge spend like rich wife/
ge spend 1 billion more/ take all assets later from shareholder/build empire then buy all share/
spend all capital/rs next/
spend $/add share/repeat over/
only shorts make $/
rs next month/ more share added/
can't be so many stupid investor worldwide/ ge has made it all public in saying he is doing nothing illegal/ round 1 rs is done/ minimum 2 more rs to buy all ship/
buy one account sell other account very easy to do/ 47,010,986 share out/ volume 18 hour 64,000,000
fake volume to steal $ / use head before buy/
volume good/rs next month/ plan to add 1b share/plan my largest short ever/flip share back forth to scam american investor/
volume good/rs next month/ plan to add 1b share/plan my largest short ever/flip share back forth to scam american investor/
5* short/ no cover/ float higher %60 before 4-30
short no cover/plan to add many share/more rs/ge take american $ to buy empire of vessel/
stupid buy/ smart short drys/ ge said more rs/ take many rs to buy vessel/
more rs/ why buy?/ short only/
stop george black card spending/
boot george out rally/
$320 will be spent on more vessel.
drys to add more share to float to raise more capital to buy more vessel.
mj light bulb picture/ new business? haha
lucky to have bid/0001 dump continues