DryShips Inc (fka DRYS)

[Maker13]

OMG!!!!

Stockscience,...you are a heaven sent!!

I have not been contacted by any law firm (yet).

Please keep everyone up-to-date on this. I'd really appreciate it!


"I am told that there is going to a press release to announce this class-action suit that stops GE from further dilution until he can establish that it is in best interest of the minority shareholders as well."





Stockscience Thursday, 03/02/17 10:49:08 PM
Re: None
Post #
29795
of 29795 Go
Hi All,
Yes, I'm still around and I took a loss on my long position. However, I have something interesting happen and I am wondering if I am alone. I was contacted by a someone that represents a law firm that is interested in filing a class action suit against the CEO (GE) of Dryship. Specifically, there are individuals (with far more money to play with than I have) that represent minority shareholders of DRYS that interested in putting a stop to further RS dilution. Evidently, there are laws to prevent this kind of activity to protect shareholders. Look under "anti-dilution" provisions.

http://walkercorporatelaw.com/startup-issues/what-are-the-rights-of-minority-stockholders/

I am told that there is going to a press release to announce this class-action suit that stops GE from further dilution until he can establish that it is in best interest of the minority shareholders as well. So, if this is true, I am guessing that a few investors here might also be contacted. PM me if anyone hears anything of substance.

Maybe there is hope for the longs yet!

Good luck all!!!