DryShips Inc (fka DRYS)

[Burnt before]

You could look at it like Kalani shorted the shares or you could look at it like Kalani was just a middle man/make believe entity for a % and that GE was just printing shares and passing them straight out to the market over a period of time, he had to reverse split in the middle was because the large number of new shares available caused the PPS to crash badly meaning evermore shares were needed to raise money, do you really think Kalani would have signed this deal knowing a reverse split was planned if it was a genuine investment , and , but as GE did not give at crap about common share holders he just wanted the $200 million to fluff up the books and so he could buy the nice shiny new ships he carried on. The $6 and change figure was a split adjusted number to make it up to $200 million as they sold a lot more than 31 million shares on the transaction. The pertinent information is in bold and underlined

Between the date of the Purchase Agreement, December 23, 2016, and the date hereof, we have sold, pursuant to the Accompanying Prospectus and this Prospectus Supplement, an aggregate of 31,769,940 shares of our common stock to the Investor at an average price of approximately $6.30 per share. The aggregate gross purchase price for these common shares was $200.0 million. As a result, as of January 31, 2017, we will have completed the sale to the Investor of the full Aggregate Limit (as defined in the Purchase Agreement) provided for under the Purchase Agreement, which will automatically terminate in accordance with its terms. Our estimated aggregate net proceeds from the sale of these common shares is approximately $198.0 million, after deducting our estimated aggregate offering expenses. This information reflects adjustments for the previously announced 1-for-8 reverse stock split of the Company's common shares that became effective as of the opening of trading on January 23, 2017.

https://www.sec.gov/Archives/edgar/data/1308858/000091957417000838/d7375612d_424b-2.htm

How do you think this books would look without this $200 million, pretty shitty that for sure.


More GE financial sorcery, you always have to look closely at what is being said with GE.