GE is king of the fluff PR, We already knew about this for days so its not new news, we already knew he had taken the option of the first ship, expect a nasty one to follow in the near term about the amount of shares out there. He only released the reverse figures because he knows the actual numbers will be much higher come Monday i suspect even after the reverse it will be over 10 million shares out there, no November price spike repeat, especially as the dilution will continue unabated i am sure.
AS for these gas carriers, i am sure they will eventually be leveraged against debt GE will lend to DRYS at preferential rates and the charters will just be used to pay off GEs debt not build a company.
Need to change the name to smoke and mirrors shipping, it suits GE better
I can hear the laughter in Athens from here as he watches the little pigs buying in to his shell game hoping for some kind of mega squeeze repeat. Let the nasty little toad sink i say and stop playing his game, plenty of much better run shipping stocks out there, do not waste your $.
Sermon over but even a blind man can see this is a chocolate covered turd
