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Lols.....
You have no idea what you are talking about....
There is no limit on reverse splits
https://www.google.com/url?sa=t&source=web&rct=j&url=https://listingcenter.nasdaq.com/assets/continuedguide.pdf&ved=0ahUKEwivh8-zjffSAhXHgVQKHRjgCN0QFggaMAA&usg=AFQjCNEBQ65j7hrpVEchRrEfbS9IK30wpQ&sig2=xBMQRYVRb-iXDhZxmksxRg
Expecting a new dilution announcement this week...
Needs more cash to buy more ships before the R/S
To bad DRYS ships are not priced from the BDI index
I think it is part of the dilution, however I believe there will be more because $750,000 would barely cover the purchase price of industrial zoned land located near rail access in Gillette, Wy... Now maybe they lease land rather than purchase and save some up front capital there, however construction costs will surely be higher than $750,000 not to mention the labor costs of running their plant....
I believe they need to come up with at least another $3.25 million dollars somewhere to get a full scale test plant up and running if that money comes from DoE or perhaps State of Wyoming or even the town of Gillette then this stock should see $1.00+ as it will finally show someone believes in their technology on a commercially viable scale and put their money behind it. Once/if that happens investor sentiment may take it much higher than $1.00.... However if they have to dilute to come up with that money it will be painful until the capital they need has been raised....
I do believe one way or another they will try moving forward in Wyoming.
Probably because of this company's recent history with dilution and reverse splits....
The previous one had about 1.5 billion left on it .... I believe it was set to expire soon so they basically had to reboot it, but not because they were out of money on it.
Yeah it clearly said they can issue common stock in it...
Sold out my 1.27's at 1.41 for a small gain at least
Lols...
Just straight up lying ....
Yeah it would be ... Unless it is a 6k like yesterday's
Lol...
Sigh
Maybe if we get a lunch time 6K that says dilution is over...
That would send a good message.... Especially if he bought a substantial dollar amount
However, there are no filings indicating this.
Again you link an article that completely ignores that this tax would be passed on to the American Consumer in the form of higher prices at Walmart, Target, Dollar stores ... etc etc basically destroying the retail sectors as American's wages will not increase enough to cover the extra costs from border taxes ... Reducing American's net buying power is a bad idea in a service based economy....
Remember "Trickle Down Econ" is BS proven not to work several case studies over.... Most recently in the state of Kansas
Please .... ....
Explain to me how Trump has brought back coal?
Have new coal fired power plant construction plans been announced?
Have new or expansion of existing mines been announced?
Have the few coal producing companies left started to announce massive hirings for new production to be brought online?
Because all I have seen is a lot of talk and very little action on it... Ok he allows coal companies to dump into water ways again with some deregulation... But IMO he did that to help his golf courses save money...
Only other thing I have seen is his EPA claiming carbon isn't a pollutant ... But that doesn't really favor this company does it...
Drys going to tumble some today with no 6k ending dilution.
Somebody~.
Drank to much of the Fox News Kool aid
You have no idea what you are talking about... Not shocked you are long here...
Lols
He also said his healthcare bill would increase the number of Americans who have insurance not take away 20+ million peoples' insurance...
Said something about Mexico is going to pay for the wall he builds...
Just Saying
He lies a lot...
DoE funding will take a large hit with the new budget...
https://www.foxnews.com/politics/2017/02/28/congress-already-eyeing-department-energy-for-spending
Even Fox News is reporting they will take big cuts.... Where those cuts come from is anyone's guess...
I believe the cuts will be large enough to impact the DoE's investments in speculative energy companies regardless of industry...
Trump doesn't want to be seen with bankrupt government funded companies like Obama had either... Or do you not remember all of his attacks on Obama over it?
Since 2010 I have traded this company several times buying at or near .05 and selling as high .36 ... There is money to be made if you trade the stock and do not invest long term....
You guys keep hyping the DoE as the savior of this company, however I wonder if the DoE will have money to fund any company even if they wanted to after the massive budget cuts expected in Trump's soon to be proposed budget....
Maybe you get lucky and the cuts aren't as deep as Trump has indicated they will be ....
Something strangely familiar here....
Oh yeah that's the same response bagholders gave after the supposed Mongolia, China, & Australia deals.... Blah Blah it's in a foreign country these things take time... Just give it more time...
How did that work out for Ackman with Valiant?
"A fool and his money are soon parted"....
Look at you guys here especially the last few posts trying to rationalize why the company hasn't made a dime ... Ever!
Love your conspiracy theories about Robin delaying things to avoid having to pay out on that agreement. It reminds me of the Trump administration claiming Obama wire taped him via listening devices in the White House microwaves...ROFL
It is comical watching you suckers debate why with this supposedly proven, viable technology that CCTC has patents on... yet isn't desirable enough for anyone...Anyone in the whole wide world to lend/grant/invest in a to scale test plant...
Of course for years they have PR'd about possible test plants in Mongolia, China, Australia, or most recently coal dependant Wyoming... Yet no one is interested in their technology or willing to invest in it....
@ some point you might want to rethink your conclusions and realize that no company/government in the world believes in this because it isn't commercially viable.
Will buy at .05
Which could be soon with no real news after their Wyoming meeting...Just fluff coming from the company PR
Holding up OK for still diluting today...
Yeah ....
Most brokers will let you trade in extended hours both AM and PM if you acknowledge you know the additional risks the lack of liquidity creates...
Not surprised by the dip end of day by the people to impatient or without the risk appetite to hold over the weekend...
I expect news very soon and think if we don't get any by Monday's open this will crater Monday
DRYS isn't going out of business anytime soon...
They will if need be R/S this then dilute more to keep the lights on.... They have an endless ATM via Nasdaq listed shares
At least you can see the future bag holders coming a mile away here...
When it drops a little lower I may buy some and sell into whatever BS news they pump out this time... I think it could run over a dollar if they PR it right
As for the geniuses who think this company has an actual product that will generate billions in share holder wealth... Can I interest you in some cold fusion as well? Or maybe Ocean Front Property in Wyoming...Could be close to your mythical full scale production plant...
If the only news coming out from DRYS in we are about 2/3 done with dilution this stock will be sub $1.00 Monday or Tuesday next week for sure....
Careful what you wish for...
At this level I will be very surprised if they don't PR a RS tonight....
I am gambling and staying in my position through the weekend but I do think odds favor a RS PR over a positive one now...
Thankfully I have done well on SnapChat this week cause I am probably gonna lose slot of money here tonight
$1.2?'S before close?
Hope so I have a buy in there
Possibly... Just as likely to get some PR pump though
It is possible as we are touching the levels the last split was announced at.
It is possible as we are touching the levels the last split was announced at.
...
With no news today longs are going to be screwed again...
If there is no "pump" news by open tomorrow expect another 10%+ drop and anyone who holds it Friday will be 50/50 gambling on no R/S announcement after hours Friday...
My opinion
Out at $25.85 with 1.80 a share profit
Giving SNAP a starter spot
2000 shares @ 24.05
Be careful folks...
http://www.thedenverchannel.com/news/local-news/white-house-compares-recreational-pot-to-opioid-crisis-says-doj-will-be-taking-action
Just saying this recreational industry in Colorado could be gone any day now....
Reports of shops in Colorado receiving letters from the DoJ are already coming in checkout the Coloradoan's (Ft Collins & Colorado State University local newspaper) website and see some letters sent to local shops like Kind Care and Choice Organics.
Be careful folks because you could lose all your money in the blink of an eye here...Retail Marijuana Sales in Colorado will end in the very near future... Don't say you weren't warned!
Disclosure: I sold any marijuana related stocks with the appointment of Jeff Sessions and will not take any new positions until there is a change in administration.