this company assets are worth more than 45 million way more..
aassnnnaapp nobody I'm sure would dispute this fact. But the fact you fail to take into consideration, is the unrelenting dilution that Kalani is undertaking. The problem that DRYS is running into is the lack of buying. Yesterday approx $35 mill of stock traded hands, and the day before only $9 mill.. today I'm sure it will be less dollar value. Compare that to previous trading days when Kalani was liquidating stock like Mar 29 $80 mill, or Mar 20 $72 mill or Mar 9 $135 mill worth of stock.
Investors are now more aware of the game, and people are looking for a sign that the dilution will end. There is NO DOUBT that this company market cap is less that the assets are worth. BUT, and this is a BIG BUTT there is no limit to where Kalani will sell shares to raise the balance of capital. If you have a spare $150 mill post a bid, buy control of this company and take the cash back... but watch for GE to do this all over again.
Just my opinion... if you see management buying share, and I mean a position of substance, then, and only then might this stock be worth buying, or it may be a cheap ploy to entice more suckers to jump on board so that GE can pound out more shares.
Play safe...
