Do not kid yourself, the DRYS revenues included all the Ocean rig drillship dayrates which peaked in 2014, some of those ships were getting $600k+ a day, DRYS no longer has this revenue stream having pulled out of Ocean rig.Ocean rig has since shafted its commons by going bankrupt while GE has protected his own presonal investment in Ocean Rig by renegotiating with bond holders at the expense of the commons, he is in charge of both if that is not a warning about the man i do not know what is.
That $2 billion is an absolute misrepresentation of DRYS in its current state and is a complete red herring, and it will never see those type of figures again.
But the biggest issue by far is the GE the self dealing, corporate highway man who will have absolutely no qualms about shafting commons over and over again, all the while protecting/increasing his own cash pile.
GL
