The only think keeping this sham going is all the little pigs convincing themselves that November will happen again so they keep buying this turd, share count is many many many times higher now and likely climbing all the time, may squeeze a little but no repeat of the planned squeeze from November, which was likley caused to allow for this mass dilution since as every one hopes for a repeat. To many people holding bags who nerve will fail before it goes too high and too many bottom feeders ready to flip on a rise.
I will be very surprised if most shorts have not already covered as they have had ample opportunity and the profits now are not worth the risk.
The real questions should be if GE and DRYS sell a story about $200 million
investment through the purchase of common shares, to be taken when the company dictates and over a period of 2 years with proceeds to be used for general corporate needs, why has the SEC not shut this down when there is a fire sale at any price and in the middle of the fire sale a reverse split to double shaft the share holder.
This is now the worst kind of theft IMO, i actually feel sorry for longs as this is now THEFT pure and simple, anyone who has bought in after the last split i have no sympathy for as it was obvious by then it was dodgy and they were just dreaming of November again.
SEC where are you?
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