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DRYS ranged in share price from 98 Cents to Eight Hundred Thousand Dollars a Share in the last 52 week period. I think for a stock like this anything is a possibility on how high this can go, and it seems that normal fundamentals of stock strength and financial statistics are not in normal play here. George just purchased 36 Million shares at 100,000,000 Dollars.
If George would announce no more reverse splits no matter what, and the business with Kalani is now completed this stock seems destined to rise in price. I do not know what the offering that many people are speaking about but what ever it is I hope that is not cancelled either.
A Great Wall Street Story - Maybe this stock will not fly and stay in the 2-4 Dollar price range for some time, but if this stock did take flight, DRYS Stock which for the last decade has been the largest percentage loser of any stock on Wall Street, now is in a turnaround and becomes the largest gaining stock for the remainder of 2017. It would be a Great Wall Street Story if George takes DRYS far and high, and it becomes the darling and talk of Wall Street. Yes after the announcements last week about the buying of 100,000,000 shares at 2.75 there I think is reason to finally be excited about something here.
Risk, Reward at this point I would be all in and aim high if I was buying last week and to aim at $250 per share is not crazy when you think that $250 is only .028 of the high for the year. I thought big four months ago, thinking the reverse splits were about done, boy was I wrong, four more to come and now I am a big time Bagholder with a capital B, I bought in big, and kept buying on every split, now I am down Big, Big time. I cannot buy anymore, I was throwing my money away fast, everyday down, but if I had just found out about this stock last week, and saw its history I would be loading the boat even though there is still a chance it could go south again as in any trade, the chances now that it will soar to the outer limits is a possibility. Brokers and investors are now watching this hated stock, their fingers on the button, they know their is a possibility of this lifting off, over 52 million shares traded on Friday, George may now want to make his legacy one of doing right by the company he loves, and that includes winning not only for himself and his associates but also for the shareholders, and the people who have lost so much here maybe will get some of their investment back, the people before us who lost everything through endless reverse splits and did not have a stop like myself, well they are screwed and have lost their investments, and must be more careful next time. I have been there and lost plenty in the market on stocks that went down 90% and others that filed for Bankruptcy, that is the risk you take when you invest in Non Blue Chip stocks, but the more volatile stocks are much more fun to watch than Blue Chip Stocks, and if you pick them at the right time you can win big, the wrong time you can lose everything.
Up Over 1000% on Monday. Would it not be sweet to look at the price of DRYS on Monday morning and see it is up over 30 Dollars a share, or more than 1000%. Anything is possible. I won't hold my breath though. Maybe some us here today seem like pumpers and many of us who have always been negative on this stock because longs like myself who has been through Four Ripoff Reverse Splits, we have not had more than two or three days in several months that we could be optimisc about as we have been losing money almost every single trading day big time, So now finally a weekend comes where we did not lose on DRYS last week, a rare occurrence, and I do feel things are a changing for the better. If it goes down on Monday I will be very sick at heart, but my gut feeling is it will go up. Not based on any numbers I saw, or anything I read, but based only in the feeling that a change in direction seems overdue. We will see on Monday. Win or lose I enjoy the game. I would rather win for a change though.
Yahoo Finance 52 week price for DRYS is 98 cents to almost 800 Thousand Dollars a share, that is just the last 52 week High and Low on the Yahoo Summary Page. So if DRYS could reach even 1% of that high for the year that would be 8 Thousand Dollars a share. I know this information is irrelevant in many ways but to think that just one percent of this years adjusted stock price high for DRYS is 8,000 Bucks than a price of 30 to 100 dollars a share does not seem so far reaching. Good luck to all, I am finally Bullish on this stock which just 10 short days ago I had no faith at all. I am down on most all my stocks this year, already lost everything in TOPS after the last 1 for 30 Reverse Split (Horrible Split the stock fell right back down near a Dollar within days) I am sure the management made money that is what is important for these companies, but if this Stock goes to 40 Dollars I will be even not only on DRYS but will also have my investment back on what I lost on Tops as well. At that point if it ever happens I will probably let it ride a little because this will have become my favorite stock. Would it not be funny if DRYS my biggest loss for the year, will by late December be my largest gainer. Hope Springs Eternal, I heard that somewhere don't know exactly what it means, hoping though for only good things from DRYS from this point forward, they may be restructuring into a company that investors and Institutions can trust to do right by them, I will keep Hoping this.
You are correct, Institutions may start buying that would really be a game changer. Maybe also George will say well the stock has risen another 5 dollars this week so I will do a forward split and give all my loyal shareholders 5x or 7X more shares in the same manner that he took their shares away every time this stock fell five dollars. I know a forward split would never happen but thought I would put it out there anyway. I had over 100,000 shares at one time, and now have only a small fraction of that. Longs now for the first time in ages can have some hope they will get some of their investment back, the people who were reversed split completely out of their stocks may you RIP, it is a horrible feeling to be sure. Some stocks should come with a day trading only warning like a 3x ETF fund, for those investors who do not understand that a company or CEO could make money while they lose everything, and think nothing of it.
Pull back predictions is that DRYS will not pull back this time. It has been pulling back almost daily since 2005, as the adjusted stock price per share stands at 631 Million Dollars a share. Look for yourself go to Stock Split History.com and write in Drys. It is time for this stock to go way up. If we go to 9 dollars fast I think it will skyrocket from there. I am only guessing and I sure guessed wrong when dumping more money into this POS 4 months ago then I ever want to admit. I was foolish but I do believe we have seen a turning point. 50 something million shares traded yesterday, brokers and investors are watching this stock, their fingers on the button, and they know how it has screwed the longs big time, and they also know one day hopefully soon it will fly to the Stars in the opposite direction, look to the heavens I think it can go there. I am even at 34 dollars.
30 dollars a share I believe is not unrealistic, not on a stock that has fallen from a 52 week high of almost eight hundred thousand dollar a share to a low of 98 cents. If this stock goes to 400 dollars a share we will only be back at the levels of three months ago because of all the unnecessary ripoff reverse splits that long shareholders have endured. Three weeks ago for George to announce another 7 to 1 reverse on X-Dividend day screwing shareholders who have already been screwed and tattooed on a daily basis for months was a horrible thing to do. Horrible because this stock never rises after a split it only falls big time. I think maybe now with all the lawsuits pending and this stock being known as the biggest loser on Wall Street for longs George I think will find a way to make his 6 million Dollars a day profit now as the stock rises instead of falls. I am not saying he gives a damn about the longs here but he does care about taking the company forward in a positive manner. I notice on Google Finance that this stock has no Institutional holders. It says 0%, if George can issue an announcement that no more reverse splits will take place no matter what this stock will soar to the heavens. It may go just close to heaven as George may not be allowed in with all the longs that have lost their entire investment here because of managements self serving policies up to this date. George does have the ball in his court and if he wants to take this up in value he has the means to do so I think.
For myself I feel very positive at this point, if this stock tumbles back again and reverse splits I am out of the game here. DRYS is a different kind of stock altogether, it can crush you fast taking away your principal investment and to add injury to insult than it strips away most of your share count. For some of us who don't trade in and out of stocks (This stock would have been better to day trade for sure), but go long on DRYS this stock will eat you alive due to its constant dilution and then the reverse split and with this stock it is fatal because it always seems to go down 70 or 80 percent in a matter of days. So this time I am only looking skyward. My feeling is that the stock goes up from here. I hope I am right. Maybe the CEO of DRYS would like to change his legacy and let the shareholders of DRYS finally have some reward for their investment risks. If this company can align themselves with the shareholders and both the company (Management Team) and its long shareholder investors could both make money together, than I think we are going up in price.
I am not selling this stock until I break even again or I lose everything. I have averaged down several times before and have endured 4 reverse splits buying more each time it split before the stock fell back to the dollar range in a matter of a few trading sessions after each reverse split. I am so glad those days are behind us here. Today was a wonderful day as I have only known what it is like to have this stock go way up on about 2 occasions and endured what seemed like a hundred sessions of down, down, down. Its win or lose at this point and nothing in between. We have to get to almost 7 dollars a share just to reach the level of the last reverse split on July 18 or 19. I think about 400 dollars a share to reach the price this stock traded at just 3 reverse splits ago which was only 3 months ago or so. I need the stock to go into the 30 dollar range again, and after today I have faith it is possible. The volume today was incredible maybe we can go to 7 Dollars on Monday alone. If stock could go up the way it went down for a decade it is going to the Moon.
DRY SHIPS RANKED AS NUMBER 1 STOCK ON The NASDEQ, Take A Look:
DryShips: Rank #1 As Worst Stock In Nasdaq
Jun.19.17 | About: DryShips Inc. (DRYS)
DRYS cumulative reverse split stands at 1-for-336,000.
It needs to go up by 2.59 billion percent to reach its all-time high again.
It seems that no stock can beat DRYS in terms of taking the title of the worst Nasdaq stock.
Ranking the 5 worst Nasdaq Stocks
This analysis focuses on ranking the 5 worst currently trading Nasdaq stocks. I use three simple criteria to rank them: 1) difference between all-time highs and lows; 2) cumulative reverse splits; and 3) what percent the stock has to go up to reach its all-time high.
Worst Stock Rank #1
Based on the above criteria, DryShips (NASDAQ:DRYS) is the worst-ranking stock currently trading on Nasdaq. Based in Greece, DryShips is a global shipping transportation company specializing in the transportation of dry bulk cargoes. As a foreign company, it enjoys limited SEC filings compared to domestic companies. Sifnos, the private company of DryShips CEO George Economu, owns more than 90% of DRYs' debt ($200 million). On September 09, 2016, the CEO gained massive voting rights by converting Sifnos' $8.75 million debt into 29,166 shares of Series D preferred stock ( Series D preferred stock has voting rights, 100,000 votes per share). After the reverse splits of 1-for-4 & 1-for-7, the CEO currently has 104 million voting rights, versus 26 million voting rights for common shareholders. What this tells us is that the CEO can make the company's decisions without shareholder approval. Such dealings between the CEO's private company and DRYS are questionable and fall in conflict of interest (of course they disclosed everything in the SEC filings).
All-time high $42 million a share & All-time low $1.62 a share
Cumulate reverse split 1-for-336,000 (=25 x 4 x 15 x 8 x 4 x 7)
DRYS has to go up by 2,592,592,492% to reach its all-time high again
Ash111 Don't admire George too much, as you said he is a Genius, but a real Genius would be someone who did not need to take others money and stock shares by endless reverse splits. So those entering this stock now and are up may find him to be a Genius but for those reversed split out of their holdings while he and his buddies made a profit may think of him very differently. A Genius would have found a way to win for everyone involved nd not take from others to line their own pockets.
Good day up two days in a row. Always remember what these company are. Just looked at TOPS which had a 30 for 1 reverse split only about 10 days ago, and they had another R/S 15 to one last month, took all my shares and its right back down near a dollar again. They never had to do these last two splits. These Greek Shipping companies will rob you blind as long as they can make a bus for themselves. Tops also approved a 3 million dollar payout in salaries and bonuses for there CEO and his cronies in crime. Damn to the shareholders as long as they come out ahead. I hope to get my money back on DRYS. If it goes to 34 a share I am even on DRYS. If I add the loss of TOPS in DRYS would need to go to 42 Dollars a share for me to be even.
Why are these reverse splits even legal, especially when they do nothing to prop up the stock, they only serve to make a quick profit for those who run these companies and steal shareholders stocks. I know I sound like a broken record, but it irks me that these companies can do this at all. I hope a reverse split law of some kind is put in place for future shareholders of any stocks who follow this pattern of screwing their long investors.
Do you notice most of the days, weeks and months when this POS was going down almost daily, this stock always stayed down the rest of the day, it is only when there is a gain posted that it reverses itself. Why is that, maybe inside manipulation. I do not care anymore about that if this stock would only reach 34 dollars again and give me back the money it took in a matter of a few months due to criminal reverse splitting and constant dilution of long shareholders assets. I do not mind losing, I do mind being cheated by less than honest companies who do not care at all about their shareholders well being going forward. I think the share price is going way up, but what do I know I was stupid enough to invest in this stock that screws its long shareholders 99.9 percent of the time, so I am clueless here, but I will be optimistic and hope for the best here.
Seven Dollars needed just to reach the level before the last reverse split just a few weeks ago.
We got a 7 cent or so dividend but it cost us 77 cents per share to make 7 cents as George announced that split on X-Dividend day. Good luck to all, but never trust this CEO or company they can pull the rug out from underneath you at a moments notice.
The question you ask Do you think George and Kalani (Marc) are that crooked to pull that off. My answer YES I think they are both very crooked and self serving and could care less about any shareholders well being here or anywhere they are involved. Do I think they could take this up another 500 Percent, YES I do if they can make more bucks by doing it. They are not doing this for their Shareholders, but if they can benefit then the longs here have a chance. Lets all make some money for a change, If George can make more while this goes up for a while than we are going up. It is not done because he is honest in any way, they will urge it up because it is in their own best interest, which is fine with me, lets go up 10,000 percent here I am ready George to get some of my money back.
Needs to get past 7 dollars just to be at the level it was a few weeks ago before the CEO announced another ripoff reverse split. I do not trust this stock until I see it above 10 dollars with no more Ripoff reverse splits. I am very happy that we are up, but have been screwed and tattooed by this company and its management team. It is hard to trust DRYS, I hope that view I have will change. Let get to 34 dollars a share again that is when I break even. After that I will only say good things from then on and will even change my handle to "Drysiswonderful" I know stocks are a gamble, but I say again you should never be reversed split out of your investment in a few short months. In my view this stock has been the biggest scam on the stock exchange for long holders. I am so happy that is changing. Lets get to 20 dollars a share real fast. Lets go DRYS, win another one for the team that has been long and stuck by your side as you gave it hard and rough to all the long investors here.
Does anyone know what companies stock posted the largest one day gain in stock market history? I have no idea myself, I could not seem to find out how to look something like that up? What I do know is the stock price for DRYS just in the past 52 week range is 98 Cents to 799,680 Dollars a share. Yes you did not read that wrong, almost 800 Thousand dollars a share (Yahoo Summary) just in the last 52 weeks, so maybe the upside potential may be astronomical. And the price per share going 100, or 200, or even 300 Dollars a share or more,(which is what people paid just a few months ago, is a possibility providing there are no more (Reverse Splits), and the stock gains in popularity among investors as the prices rise almost every single trading days for the next 100 days. It sure fell almost every trading day for what seemed to me like hundreds of trading sessions down, down, and down. Time to take it the other way, I am optimistic now although everything is now up to the DRYS CEO & Officers of the Company, but it is a possibility and the stock which has been one of my biggest losers this year maybe today was the first day of a comeback. So lets win one for the Gipper George, lets take DRYS to the Moon.
Very happy the price went up today, it is amazing that out of all my stocks this is the only stock that actually rose in price today. On the other hand I am down 3300% still and need a price of 34 dollars a share to break even with no more reverse splits or its curtains. For many of us faithful longs (A Mistake to be sure) this stock has been giving us the shaft on a daily basis for months by reverse splitting many here out of their shares and investment dollars. Please say something nice for those investors who went before us and lost everything on this stock so it could survive and make a profit for its CEO and his associates and officers. I hope this stock will go way up from here and the longs can finally win for a change, for me getting even again would be a hugh win, I would only say wonderful things about this stock if it went to 35 or 40 dollars a share without any more reverse splits, until then this POS took most of my money and many investors shares and money before me. If this stock could go up the next few months the way it went down it can be at 40 dollars a share in two or three weeks time.
If the CEO is really buying that would really be good news I think. I only need it to go up another 3390% or so to about $34.50 and I am even again. Tops is already done for my investment is down 99% with only a few shares remaining. If this could go way up with no more reverse splits there is still hope. After the first two reverse splits I bought more shares and was still very optimistic but after the last two, the one at around $1.83 that never needed to happen, and the one two weeks ago right after X-Divened day where George rewarded his loyal long shareholders a six cent dividend, and then stole 60% in the next few days of the stockholders value by announcing another reverse split that never needed to be. Look at companies like SDRL or AVIR they fluctuate from 30 cents to 60 cents and do not reverse split shareholders out of their shares, position and worst of all their money forever. It is criminal, but I guess its O.K. because some slick lawyer put it together. These guys have learned the tricks of Wall Street and use them constantly to their advantage. Yes other CEO of big companies get way to much pay and compensation and the share price may fall, but they do not steal your shares away there is always hope even in 5 years that the stock will come back. Not so with DRYS and TOPS, it is to late for me with TOPS, please George spend a little money and buy back 50 million shares and take this security to the MOON.
Thanks, good luck and good trading to all!
Who's going to the big outdoor rock concert hosted by DRYS & TOPS in Athens, Greece. Its Called the SCAM-JAM ROCK FEST. The big event features mega stars like "The Reverse Splits", "The Golden Fleece", "American Investor Sheep" & "Its Our Money Now" Wow I hear these bands can really rock and are so true to their names. Put all valuables in your front pockets I hear theft of Americans are prevalent at these events.
Rip Van Winkle upon waking asks about his shares of DRYS stock which he bought before sitting near a tree and falling asleep as a young man. He asks a passerby upon waking what year is this, how is the stock market doing and especially how is the stock called DRYS which I purchased several times, once after each reverse split trying to average down thinking it can not fall for all of eternity. The nice person told him that the stock kept falling while the company and its officers became some of the wealthiest people on the planet earth, Millions of investors lost everything. They still talk about DRYS & TOPS and how stocks like these were ever allowed to keep trading, while the SEC looked the other way. He also found out that along with millions of others investors who lost everything they invested here, Rip Van Winkle found out that he was also penniless and his investment were completely gone due to greed & endless reverse splits. Rip Van Winkle thought well I still have the mountains, the forests and the animals on earth to enjoy even though my wealth and worldly possessions are all gone. So Rip for the remainder of his days found peace in those things.
DRYS had a huge day in November of 2016. The stock went up I think about 1500%. So to paraphrase, DRYS since 2005 has had one big up day and thousands and thousands of Down Days. The dilution I would think is most likely the largest dilution of shares in US Stock Market history, I do not know this I am only guessing, but if the stock price today of 1.30 and that split adjusted price of one share in 2005 would be hundreds of millions of dollars a share I would say we are due for a correction and the price to rise. I wonder how many hundreds of thousands of investors have lost everything trading these Greek Shipping Stocks, Most of these companies are such a scam, although there are probably honest shipping companies who do not reverse split their shareholders out of their shares and money so they can increase their own wealth, Unfortunately I did not invest in those honest companies, and it is a shame for people to lose their investments in this manner. Hey Life is not always fair, and some business owners are not all honest, a the SEC does not care about the investors here, as their is no limit to the number of reverse splits that take place per year even though of course their should be such a law so people cannot be screwed in this manner. This is not 3X ETF high risk fund, then I expect this type of action but this is supposed to be a stock to invest in, a legitimate shipping company that moves things around the globe, not a endless black hole that steals every shareholders last dime that invests longer than a few months. Oh Well, To The Moon For DRYS, I hope we see a big gain this next week.
Come on DRYS I would so love to see this stock go to $34 Dollars a share so I could be even again and maybe have an opportunity to exit this Carnaval ride if I choose to. And a big shout out to to TOPS all I need from you is a big $80 per share to break even again. I invested in TOPS to try a re coup my losses from the DRYS and lost my money even faster with the TOPS. I want to be really Bullish here so please George do not Reverse Split this stock again, I will be virtually out of the game than, Checkmate I Lost everything that I invested with you & your company, I would rather have hope that DRYS will soar very soon and record unheard of gains never before seen on the New York Exchange, I think maybe it has had losses never seen before on the New York Exchange, so please can you guys at DRYS all take this stock the other way and we all can profit from the move up. I wish everyone well here and hope the price of DRYS will rise very soon.
Dilution will they really ever be done. Has it not been the model of DRYS & TOPS since their inception.
Does the guy who drinks wine on the curb everyday who has two new bottles of wine does he stop drinking them, does the panhandler who makes 300 dollars everyday asking for spare change 7 days a week for the last 20 years does he just stop panhandling all of a sudden, and so like the CEO and officers of DRYS & TOPS they wake up everyday and make a profit 99 percent of the time since 2007 on the backs and misery of their shareholders. Yes this might change if they can find a way to make money while the stock is climbing, but so far they have found a perfect business model to make money and live a happy life off the shareholders dime. They just reverse split another 34,000 times and keep going, and going, and going while the longs keep losing, and losing, and losing. This is my last chance, if another split happens I am done for it is over in less than 4 months and I averaged down about 6 times as well to no avail. I need this POS to skyrocket up.
Talk about Dilution, if you bought this stock on the first trading day of 2017 which was Jan 3rd, 2017 you paid over 20,000 per share. Only 6 months ago.
From Yahoo Historical Data:
Jan 03, 2017 29,243.20 29,635.20 28,067.20 28,459.20 24,357.97
If you bought this stock in 2007 you paid over 631 Million Dollars Per Share.
Go to Split History.com Website and write in DRYS, it is incredible how fast people have lost 100% of their money if you held this stock. When the Shipping Company begins I don't know, so far since 2007 this has not been a company based on shipping at all it is a company based on sucking every last dime out of the Shareholders accounts as quickly as possible. DRYS & TOPS, Just horrid to the long investor.
Now for the day trader this may very well be a good stock, I do not day trade. I bought long and strong, and now I am broke and weak.
After the 30 for 1 reverse split I know need 80 Dollars a share just to break even. These Greek Shipping Companies are thieves plan and simple you can never trust them. Tops has only one employee probably a family member who most likely just counts out money all day and decides with swiss or overseas account to hide the pillaged profits which were taken from American Investors. Look at these guys on the page, they look so trustworthy dressed in their nice suits, wolves in sheep clothing. How can the management at Drys or Tops live with themselves robbing investors daily, weekly and monthly with their reverse splits. I have lost way to much money, I have been long with no stops. My fault I know. Why the SEC did not shut this scam down and that of Drys is anyones guess. How can the SEC accept a Filing that says we are going to screw investors. These guys from Drys and Tops should all their money and toys around the world seized and returned to the investors they robbed. I know this all impossible and I like others have lost our money to this Greek Shipping Scam full no good thieves..
If this was run like an honest shipping company it would be a nice stock to have long term, the moving of materials for building and other uses is a good business. It is to bad up to this point it has been such a scam and a hardship and theft to the long shareholders here. I do still have a chance to break even but I very small one at this point. Most of my shares are gone now. DRYS would have to go to 34 dollars a share and Tops would have to go to 80 dollars a share. I should have put stops in place that was bad on my part. If I could get back even half my losses here II would be very happy. I fear it will say minus 99.9 Percent in my account like some of the buys already do.. I averaged down several times and each time I was hammered fast with a reverse splits. When a real company, an honest company, reverse splits it may go down or up but none that I have ever seen go from 7 to 1 dollar every two weeks. Maybe George will feel so bad one day and get religious and decide to do what is in the shareholders best interest. I sure won't hold my breath waiting for that. Maybe he will feel so bad that he takes some money from one of his swiss or overseas accounts and sends all shareholders who lost everything a check for 25% back of what they lost due to excessive reverse splits and excessive dilution. I should have just put my money into a 3X ETF to think your money is safer in one of those high risk funds is insane, but true.
It is to late for that many people and their finances have already been destroyed, how many more will be destroyed is the question. If the reverse splits stop now than those still that have shares left will prosper, the families who have already been impacted will never see that money again. This is more than just a crooked stock, it is like buying 100,000 one dollar lottery tickets each with odds of 184 million to one and hoping to win something. The value of this stock per share in split is 631 million dollars a share adjusted for splits since 2007: Look below what each 10,000 investment will bring you since 2007 A big far zero unless you didn't reinvest the dividend.:
Taken from the website Split History ,com
Growth of $10,000.00
With Dividends Reinvested
DRYS split-adjusted CAGR
Start date: 08/06/2007
End date: 08/04/2017
Start price/share: $631,394,400.00
End price/share: $1.37
Starting shares: 0.00
Ending shares: 0.00
Dividends reinvested/share: $13,994,430.06
Total return: -100.00%
Average Annual Total Return: -86.07%
Starting investment: $10,000.00
Ending investment: $0.00
Years: 10.00
Growth of $10,000.00
Without Dividends Reinvested
DRYS split-adjusted CAGR
Start date: 08/06/2007
End date: 08/04/2017
Start price/share: $631,394,400.00
End price/share: $1.37
Dividends collected/share: $13,994,430.06
Total return: -97.78%
Average Annual Total Return: -31.67%
Starting investment: $10,000.00
Ending investment: $221.65
Years: 10.00
Saw this on Split History.Com Website: It shows Drys split history since 2007 thru today
I don't know if it is useful to anyone or not but I will post it here anyway:
DRYS split history picture
DryShips (DRYS) has 8 splits in our DRYS split history database. The first split for DRYS took place on March 11, 2016. This was a 1 for 25 reverse split, meaning for each 25 shares of DRYS owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 40 share position following the split. DRYS's second split took place on August 15, 2016. This was a 1 for 4 reverse split, meaning for each 4 shares of DRYS owned pre-split, the shareholder now owned 1 share. For example, a 40 share position pre-split, became a 10 share position following the split. DRYS's third split took place on November 01, 2016. This was a 1 for 15 reverse split, meaning for each 15 shares of DRYS owned pre-split, the shareholder now owned 1 share. For example, a 10 share position pre-split, became a 0.666666666666667 share position following the split. DRYS's 4th split took place on January 23, 2017. This was a 1 for 8 reverse split, meaning for each 8 shares of DRYS owned pre-split, the shareholder now owned 1 share. For example, a 0.666666666666667 share position pre-split, became a 0.0833333333333333 share position following the split. DRYS's 5th split took place on April 11, 2017. This was a 1 for 4 reverse split, meaning for each 4 shares of DRYS owned pre-split, the shareholder now owned 1 share. For example, a 0.0833333333333333 share position pre-split, became a 0.0208333333333333 share position following the split. DRYS's 6th split took place on May 11, 2017. This was a 1 for 7 reverse split, meaning for each 7 shares of DRYS owned pre-split, the shareholder now owned 1 share. For example, a 0.0208333333333333 share position pre-split, became a 0.00297619047619048 share position following the split. DRYS's 7th split took place on June 22, 2017. This was a 1 for 5 reverse split, meaning for each 5 shares of DRYS owned pre-split, the shareholder now owned 1 share. For example, a 0.00297619047619048 share position pre-split, became a 0.000595238095238095 share position following the split. DRYS's 8th split took place on July 21, 2017. This was a 1 for 7 reverse split, meaning for each 7 shares of DRYS owned pre-split, the shareholder now owned 1 share. For example, a 0.000595238095238095 share position pre-split, became a 8.50340136054422e-05 share position following the split.
When a company such as DryShips conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. The $5 and $10 pricepoints tend to be important in this regard. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share. Looking at the DRYS split history from start to finish, an original position size of 1000 shares would have turned into 8.50340136054422e-05 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into DryShips shares, starting with a $10,000 purchase of DRYS, presented on a split-history-adjusted basis factoring in the complete
DRYS split history. DRYS split adjusted history picture
Growth of $10,000.00
With Dividends Reinvested
DRYS split-adjusted CAGR
Start date: 08/06/2007
End date: 08/04/2017
Start price/share: $631,394,400.00
End price/share: $1.37
Starting shares: 0.00
Ending shares: 0.00
Dividends reinvested/share: $13,994,430.06
Total return: -100.00%
Average Annual Total Return: -86.07%
Starting investment: $10,000.00
Ending investment: $0.00
Years: 10.00
Growth of $10,000.00
Without Dividends Reinvested
DRYS split-adjusted CAGR
Start date: 08/06/2007
End date: 08/04/2017
Start price/share: $631,394,400.00
End price/share: $1.37
Dividends collected/share: $13,994,430.06
Total return: -97.78%
Average Annual Total Return: -31.67%
Starting investment: $10,000.00
Ending investment: $221.65
Years: 10.00
I bought more than 100,000 shares of Drys stock, it seemed like it was only a few months ago because it was, now it is only a painful memory of a horrible investment. I did not realize what Toxic Financing meant, I do know now what it means now. The long shareholder here most of the time will likely lose their entire investment if they are foolish enough to keep this stock over a few month period like I did, this is due to a money making game called the Reverse Split, and you can believe me when I tell you is not a fun game at all if your a Shareholder in DRYS with a long position. No use complaining now, even though I am I guess thats why I am on this board, I would still very much like to see this stock go up in price and as a shipping business see DRYS do a good business and the stock rise in price, and for a change give something back to the shareholders who still have any type of position left. RIP to those shareholders reversed split out of their money and shares. Good Luck To All.
There has been so many splits it is hard to keep track. So if the share price goes to 18 dollars a share that is like 60 cents, 7 cents a share if you take the split before that into account. Lets see out of my 40,000 I put into this POS i have a few hundred dollars left, that it. It would have to go who knows now up to 500 dollars a share just to break even without any more splits. I like a gamble but this is an outright fraud and a theft of the investors money. The CEO and all his partners should not only receive no compensation but should payed 1 dollar a year salary, and that is too much. They should all have the money stolen through reverse splits seized and retuned to investors. The SEC should be cleaned out from top to bottom for allowing these reverse splits to continue. Just like trump said
Drain The Swamp I say Drain the Swamp at the SEC for not doing there job and protecting investors from these reverse split scams. This is not risk, I say again this is theft when a company makes even one dollar off the misery of its shareholders!
Absolutely Agree. A Con Game if the SEC allows this type of trading action to continue. It legally allows companies such as these Greek Shipping Companies to continually Reverse Split their investors out of the money over and over again while the companies officers and associates make a profit. Just look at Tops today down 67% today. It has the same model as Drys uses and the long investors lose it all no matter how many shares they buy, how in the world is this legal and no one who regulates these activities puts a stop to it, at least to have a 4 times a year reverse split rule or something. Buying these stocks should not involve losing your assets in a few months with no chance to come back unless it is a BK from a honest company.
Legal Robbery of Shareholders. This is what most of the Greek Shipping companies are all about. Take from the Shareholders to enrich themselves. One reverse split after another, it should be against the law for any of these guys or gals to make even one penny while there Shareholders are being crushed every single day. No use talking about fundamentals here as they will always need to raise more money on the backs of their Shareholders no matter if they made 100 Trillion Dollars today it will never be enough for these guys, they love watching American Shareholders lose everything while they constantly win.
Another Shipping Stock Scam. Reverse split investors out of their money and these guys that run these Greek Shipping scams make tons money while we lose ours. We need a miracle but no Angel would come anywhere near these Greek Shipping Stock Scams that take from the rob the Investor day in and day out, it seems like the people who run these Greek Shipping Scams love to screw the American Investor.
I have only traded this stock for less than a six month period. I have lost almost all my capital and the number of shares on DRYS do to the reverse splits. I went into this stock with way to much money thinking there had already been a few splits and maybe it was done. I did not study the stock properly to see its history of almost sure losses for any investor that is long this stock. I would love to be positive here and say nice things but with all the reverse splits Drys has to go up close to 3400 percent just to break even and that is because I have averaged down several times or else it would be more 34,000 percent down.
My question is this" so many here look at the fundamentals like this is a normal company trying to raise capital to improve the companies standing and the future investments of its shareholders. I see the company as completely self serving, and the shareholder can go F themselves, this is why looking at the books and fundamentals and financials of this company and other Greek shippers seems useless.
Is the raising of capital ever over? If they raise 6 trillion dollars, will they need another 50 trillion at the expense and hardship to the long shareholder. I have not studied this company like i should have before investing, that is my fault completely, my loss as I knew it was a gamble.
Have they been raising capital at the expense of shareholders since 2007 to enrich themselves, every article I have read seems to say so.
At some point the reverse splits have to end and this stock goes up but did so many investors have to lose everything to reverse splits so that this company can survive, it seems wrong to me. If there are no more splits and the price goes up 3400 percent or so I will be even, there is still a chance here for me, not the poor investors that came before me, I will be optimistic but will never trust a company run by people who could screw the shareholders over by reverse splitting them out of there shares to make more for themselves. I hope they will not need another 100 years and 3000 more offerings before the longs can win for a change. I am getting to old for that. Sorry about my long post I will keep it shorter in the future.
Den Of Thieves George and all his Business Associates. I think it is not only about making money to enrich themselves but I think they also get happiness out of screwing there Shareholders. Why else would they do endless reverse splits that only take the share price right back down near a dollar fast each and every time they reverse split. I think they get pleasure at watching American Shareholders lose their investments. It is a feeling not only of making a profit for themselves but taking down the Shareholder as well. There needs to be a legal limit how much a stock can drop following a reverse split and if it does fall fast back down near a dollar than future reverse splits should be forbidden, for at least a certain time period. Robin Williams had a 50's do-wop song he would sing about Enron, which went "You wake up in the morning and your moneys gone, en-ron ron ron to-do ron ron. For Drys it would go ?You wake up in the morning and your moneys gone, wave it goodbye because you invested in Drys"
George went to M.I.T. some years back, probably at U.S. Taxpayer expense. Is all the Medical and Dental benefits in Greece free there as well. I was going to get the dental implants I needed when I broke even again on this POS. I guess I will keep eating soft foods. Hey George some of us do not get everything free here, we have to pay for Dental and Medical insurance, rent, storage, and care for our families, some of us are not employed by the Government where everything is taken care of. When you guys reverse split investors out of their shares and money to enrich only yourselves it is a lousy thing to do to people that invest with you. How about caring even a little bit for some of your shareholders and at the very least announce no more reverse splits. Have you not made enough yet? will you ever make enough on the backs of your shareholders? If the business is not making a profit that I understand, but unnecessary reverse splits I will never understand and you and your associates are no better than the thief on the street that knocks you down and takes your money, even worse because you are supposed to be a legitimate business.
Back to normal for Drys. One day up proceeded by a 100 days down. Come on now just asking for a 3300 percent gain to get even again. Had no problem reverse splitting my share count down to a fraction of the amount of shares I purchased, so now this POS must climb big time to get my money back.
Reversed split into big losses in only a few months time, and that is legal, it should never be legal to lose your investment like that.
If you bought one year ago the stock would only need to climb to roughly 170,000 dollars a share or so to get even again , that is if those investors had any shares left which of course they do not. Every three months you can count on the Dividend which is wonderful, but remember along with that Dividend which is paid every three months, the share price than collapses over and over again on an everyday basis. and than DRYS reverse splits you into equity ruin. I still have hope here because that is all that is left the long shareholders who have no vote on reverse splits or anything else the company does. I still have a few shares left. These reverse splits from a company like DRYS should be outlawed, they are used to make money only for the CEO, his different companies he controls, and those honest upstanding folks he has business dealings with. They enrich themselves while the shareholders lose day in and day out. I was a fool to buy this stock but as a long investor in DRYS I still have hope, it is so nice to know that the company has the best interests of their shareholders when they make their decisions. Maybe they will stop making money now on the backs of their shareholders and run the their shipping business to make a profit. The shipping business is only a afterthought as the real money seems to be made off the manipulation of the shareholders funds to enrich themselves only.
A great up day today. Up 62% that is wonderful, but to put things in perspective for some of us longs here who were not smart enough to cut our losses,(me being one of those), and bought 4 months ago and we held our long positions are still way down and the share price needs to get into the 30 & 40'dollar range with no more reverse splits before some of those folks are even again. Others before us who invested have lost everything as they have been completely reversed split out of their positions and their investments are gone forever never to return. I am optimistic but I know this is not a stock an investor can trust where the company will try to do right by its shareholders. Maybe this is the beginning of a new day and the shareholders will now benefit, I truly hope so but I remain weary as well.