Reverse Splits

[sludgehound]

DRYS votes on announced R/S Feb 19 1-2 to 1-100

SA piece on R/S vote of Feb 19 sees min 1:25

http://seekingalpha.com/article/3818306-announced-dryships-reverse-stock-split?auth_param=jio:1b9soet:f802f25dfa4f1518bf69c1e2ceab03a5#alt1

MTF Investing
The Announced DryShips Reverse Stock Split
Jan. 19, 2016 11:48 AM ET

The company announced it would consider a reverse stock split in the range of 1-for-2 up to 1-for-100. The intent of the reverse is to restore the price to over $1 in order to meet NASDAQ requirements, so the minimum reverse will have to be a 1-for-10…and that is at the $.10 to just meet a $1.00 target. In reality the company is looking for at least a 1-for-20 reverse stock split.

Combine that with the state of the Baltic Dry Index and the prospects of a recovery haven't appeared on the horizon…

Then add in that George Economou is in the middle of a transformation…

And the reverse share split might come in higher than 1-for-25 just to give the company a cushion. As part of the reverse, the company stated:
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