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Re: eastunder post# 455

Thursday, 09/01/2016 3:33:51 PM

Thursday, September 01, 2016 3:33:51 PM

Post# of 975
eastunder, You are right in that the stock never traded at $400 on the open market. It might have been $4 but doing the math of the reverse stock splits as mentioned before, $4/share x 25 (for 1) x 4 (for 1) = $400/share. If you look at todays DRYS price of .5574 x 25 x 4 = $55.74. Before the stock splits the value of the stocks would have been $55.74. You do realize that this stock has lost about 96% of its value in the last year. You do not have to believe me, there all sorts of charts out there that will lead you to the truth.