DryShips Inc (fka DRYS)

[Net-Man]

EH - According to a recent Seeking Alpha article, GE still has over 104 million votes. A 1 for 6 split will leave him with over 17 million votes. So that would require more than that number to be exceeded after the next split before he would lose control over the vote. With that in mind, I am guessing he will conduct at least one more RS within the next few weeks and bring the total OS down to around 9 - 10 million. Kalani will no doubt be pushing new shares into the market, but at a higher value. My further guess is the total OS will land at about 50 million when the dilution is finally done. GE won't have control over the vote. Unfortunately there are enough other "features" that have been provided him it might not matter all that much.