DRYS have 76 M $ at 31/12/2016 then
Between the date of the Purchase Agreement, December 23, 2016, and January 13, 2017, the Company has sold an aggregate 35,240,561 Shares to the Investor at an average price of approximately $2.44 per share. The aggregate gross purchase price for these Shares was $86.1 million.
76*86.1=162.1 M $
Following the settlement for all of such Shares sold as of the date hereof, the Company will have a total of 69,333,763 shares of common stock outstanding.
So 162.1 M $ FOR 6,9333,763 shares that's 2.33 $ p/s
STRONG BUY IMO
