FINRA / SEC Complaint filed against DRYS and George Economou:
As a 30 year investor and recently ownership of this corporation's common stock, how can the SEC, FINRA and Nasdaq Exchange allow what is going on day after day, week after week, monthly now regarding DRYS being decimated to new 52 week lows continually?
Irregardless of SEC filings and knowing this company from many years ago, through many online investment forums and such, Investors are outraged who invested into this company after supposed legitimate SEC filings and Earnings releases by said company and its CEO, only to repeatedly watch all our investment disappear immediately and continue into worthless paper; and the CEO become immensely wealthier in the process as a self serving entity in which, due to his stated corporate structure, seems a great conflict of interest exists and this ought to be stopped.
Likewise, anyone watching with today's technology available, can see brokerages are engaging into naked shortselling practices as well as telling Investors (like myself) that common stock shares are hard to find when in fact we tried to purchase them in December and early January. Yet we see massive dilution going on now, driving the PPS into worthless losses to those of us who "invest" NOT "daytrade" into a company to see respective positive results in our PPS due to known increased asset and revenue valuations of said company.
Dry Ships, Inc. (DRYS) has definite increased worth and valuation, and Mr. Economou, CEO certainly has increased his wealth factor personally from the current financial scheme he is undergoing with Other Agents, but those of us Investors see nothing but our funds seemingly stolen; as Mr. Economou seems to blatantly ignore us shareholders and proselytize actual SEC filings and other news reports to somehow "game" the market and spite the face of the supposed "regulated securities industry" all for his self serving wealth and this is wrong!
Many are outraged seeing what is transpiring, and NEVER once any market balance ever occurring on any given day since November to the stock like you would see in the commodities industry under CFTC laws whereas actual Limits exist to curb abuses; but of recent years, seems the US equities markets have become more volatile than commodities markets and fraud and highly crafted skillful financial schemes seem to be the order to defraud many investors (and their families) out of their hard earned monies entrusting SEC filings and reports from the very corps who profess what they are doing is "preservation of shareholder value", which many times, Mr. Economou has publicly come out saying. It all is a GREAT BIG lie and we Investor are demanding the SEC review many online stock discussion forums such as Investorshub.com, YahooFinance.com, Others just to see and feel the anguish and anger out there from Investors who feel they are being ripped off by criminal abuses to said stock and no "dilution protections" or other Limits seem to be out there to protect us who are caught in our funds being stolen in such manner as DRYS is doing since November, 2016. It is like a huge securities raping event going on here.
Also, how in the hell can any respectable CEO allow this to happen repeatedly to his shareholders and stock PPS; and also, how can such CEO even be allowed to do (4) reverse splits of said public traded stock within 10 month's time???
Investors like myself are demanding our invested funds returned via brokerages who are engaging in this activity. We also demand all known daytrader shortseller positions at US brokerages and elsewhere be seized and reversed and Mr. Economou and DRYS wholly be investigated as public sentiment right now out there is Mr. Economou is making Bernard Madoff look like a Heavenly Saint in what he is getting away with...
DRYS Headquarters in both NYC & Greece refuse to accept faxes and phone calls and e-mails are being returned.
