DryShips Inc (fka DRYS)

[Burnt before]

Read offering $3.75

I hate to break it to you but the $3.75 refers to the 100k free shares they are getting as part of a commitment fee before the sale starts. GE really is a turd

up to an aggregate of $1.5 million of shares of our common stock to be issued to the Investor as a commitment fee in consideration for entering into the Purchase Agreement, as follows: (i) 100,125 shares that will be issued on February 21, 2017, the first trading day after we entered into the Purchase Agreement, valued at $3.75 per share (which is equal to the product of 0.94 and the lowest volume weighted average price, or VWAP, of shares of our common stock for the eight trading days immediately preceding February 17, 2017, the effective date of the Purchase Agreement), or the Initial Commitment Shares;

GL