DryShips Inc (fka DRYS)

[Stox4us]

It seems to me that some are missing the obvious. This stock will not bounce until they can set the price for the VWAP which is based on a 14 day period. To get rid of the crazy spike up on Nov 15 they will need to wait until at least Dec 7. If the stock closes at $4 everyday until Dec 7 the average trading price would be $5.90 and at 77.5% of that the conversion price would be $4.57 per share. At that price they would have issued 29,209,280 shares

This will all change if they can convert at a lower price, but they may have sold the bulk of this position already, and may not have the ability to sell it down to lower levels. This stock has traded over 135 mill shares since Nov 17 or approx 16-17 mill per day. The selling must be coming from the conversion of this debenture. If they have sold 20% of the daily volume they would have sold 27 mill shares already. This may just sit around the low 4's until Dec 7

Good luck