DryShips Inc (fka DRYS)

[Burnt before]

All pie in the sky, you are assuming a figure of .07 a share, but as we are currently under a bout of dilution who knows how many shares will be in circulation by the dividend payment cut off date of March 15th ( assuming no reverse split of course). You are also assuming the PPS will be in this range, not likely IMO.

I just cannot get over how excited people got by this obvious GE ploy with this dividend payment play to deflect from the absurd amount of dilution that has taken place over the last few months. The fact he just raised even more cash through further dilution and then throws a few $ back is laughable IMO.

With the history of lack of cash and debt this company has spending $10 million a year on a dividend payment seems like a false economy until they actually start making money instead of just printing more shares.

Perhaps its an attempt to make people hold DRYS long term , but based on history if you hold long you lose and you would need a lot bigger dividend than whats on offer to make holding long attractive.

If things get tight again i am sure the dividend will not last long

all this is of course its all just MHO