DryShips Inc (fka DRYS)

[dinogreeves]

If and only that second, tranche of $80 million is effective. Now, the only question is will they cancel it and if they do, watch out, $30.00 in heartbeat. It will never be 100 or even 75, but 30 is not too far fetched. I was just trying to correct you about 20 million shares, they are not public yet, yes $20 million, I think you probably misread that, not 20 million shares. Either way that prospectus is very vague, knowing crooked George, he could be very unpredictable. I've watched since they IPO 2005 and made a decent trading back in mid 2000's when the sector was really hot and believe you me, the sector is coming back, just like anything else it's cyclical. With Trump being the president real estate will boom and so will Dry Bulk sector. The only thing that this company can hope for now is to restructure the rest of their loans with the lenders and Baltic Index price increases aggressively, if one or two of those doesn't happen, then they are toast. DRYS runs parallel with Baltic Index, I know, I have been watching them since 2005, after 2008 stop following it until a week ago. Yes, if that floor of $1.50 strikes, then yes way more that 20 million shares. However, this is my personal opinion, not belief, but opinion, I think the reason they trying to restructure their debt, is that they might have deal on the table, contingent upon reducing the debt by half, which will bring down their debt to 100 million approximately and get a buyout offer for 150 million, which would put the SP around 5 times what is worth now, minus the debt of course.