DryShips Inc (fka DRYS)

[Burnt before]

GE, The guy is a snake plain and simple, it might be legal but its not moral that is for sure. He basically sold a story about the company securing finance of $200 million via shares to an "investor" which DRYS would decide when to sell over the next 2 years. DRYS then turns around and has a fire sale to raise the money ASAP selling almost half the $200 million in a matter of weeks despite the obvious detrimental effect to the PPS and the absurd levels of dilution.

Best bit is the "investor" turns out to be nothing more than a seller of shares it buys/acquires at a discount flooding the market with millions of shares and lowering the PPS alarmingly.

The only reason GE lists in the US is he would be arrested in Europe for trying to pull stunts like this. Over here it seems all the greedy little pigs got suckered by the apparent staged mega run in November and have been buying this turd ever since on the promise of the fabled upcoming short squeeze, despite the fact the market is getting flooded with DRYS and being able to cover should not really be a problem.

DRYS is turning into a full on


GE is definitely 100% a full on



Treats his shareholders like idiots and uses them for his own purposes.

JMHO