DryShips Inc (fka DRYS)

[Burnt before]

There maybe a short term gain if a squeeze is in acted after this split but there will still be 8 million shares so it will not be like the previous one in November but the long term for this turd remains.Plus Kanlani can still dilute the remaining shares

Sound to me that this has long been in the planning and GE has suckered longs once again.

At the Company's annual general meeting of shareholders on October 26, 2016, the Company's shareholders approved the reverse stock split and granted the Board, or a duly constituted committee thereof, the authority to determine the exact split ratio and proceed with the reverse stock split.

Of course the board agreed, GE is the board he does as he pleases

So a reverse was already planned before the massive dilution so the whole Kalani deal was just plain and simply to raise cash through dilution knowing full well this R/S was always in the works and that further Kalani dilution can take place once the R/S is out of the way.
Its all legal because he is telling you he is going to f##k you.

When he said

Because Americans are the dumbest investors around, and there's lots of liquidity in this market.

He was referring anyone who tries to be long in this complete sham of company, boy he must be laughing so hard in Athens at anyone who bought at $4-5 a couple of weeks back as he knew this was always going to happen.

He is shameless and DRYS needs to be shut down he has stolen enough American money IMO