AI
Sunday, January 15, 2017 6:37:42 PM
Have to admire the optimism on display here but you have to ask yourself several hard questions regarding Big George.
1 If Drys really had access to cash and a line of credit more than adequate to take up the option on the first gas carrier why in such a hurry to sell 10s of milions of shares in the company at such a low price.
2 If everything is looking so rosey with the future of DRYS why in such a hurry to dilute the company from 1 million to almost 70 million shares in a few weeks and at such a poor price
3 The reference to MS and its holdings is pretty irrelevant now as if they are still holding this turd its gone from being 6.1% to being less than .1%. Who knows why they bought, perhaps they had to buy because of how much they shorted in the days prior to November 23 when it fell like a stone and held a few extra or declared this many before they settled but based on the dilution witnessed over the last few weeks i seriously doubt they have held on to them.
4 If Drys are so willing to sell even at this rock bottom pricing i am sure its likely to continue until they have the full $200 million, knowing full well they can always hit the reverse button once again.
5 DRYS is basically GEs and the shareholders it seems are just there to support his lifestyle and poor business choices
6 Look at the last 9 years and DRYS has just been one big screw up, GE has no need to change his business model too much as he knows its the shareholders who end up out of pocket as he is both borrower and lender if he is not diluting of course.
7 even this gas carrier deal is all about George, get share holders to buy the ships via dilution, then get another GE company to manage them for a juicey fee no doubt.
8 biggest red flag of all is GE picture in DRYS corporate magazine LOL
Thats your $ he is burning
JMHO
1 If Drys really had access to cash and a line of credit more than adequate to take up the option on the first gas carrier why in such a hurry to sell 10s of milions of shares in the company at such a low price.
2 If everything is looking so rosey with the future of DRYS why in such a hurry to dilute the company from 1 million to almost 70 million shares in a few weeks and at such a poor price
3 The reference to MS and its holdings is pretty irrelevant now as if they are still holding this turd its gone from being 6.1% to being less than .1%. Who knows why they bought, perhaps they had to buy because of how much they shorted in the days prior to November 23 when it fell like a stone and held a few extra or declared this many before they settled but based on the dilution witnessed over the last few weeks i seriously doubt they have held on to them.
4 If Drys are so willing to sell even at this rock bottom pricing i am sure its likely to continue until they have the full $200 million, knowing full well they can always hit the reverse button once again.
5 DRYS is basically GEs and the shareholders it seems are just there to support his lifestyle and poor business choices
6 Look at the last 9 years and DRYS has just been one big screw up, GE has no need to change his business model too much as he knows its the shareholders who end up out of pocket as he is both borrower and lender if he is not diluting of course.
7 even this gas carrier deal is all about George, get share holders to buy the ships via dilution, then get another GE company to manage them for a juicey fee no doubt.
8 biggest red flag of all is GE picture in DRYS corporate magazine LOL
Thats your $ he is burning
JMHO
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