DryShips Inc (fka DRYS)

[choo choo trader]

To all those who say George isn't violating any laws, think again. The BOD and Senior Management of DRYS are required to uphold their fiduciary responsibility to its common shareholders in all phases and aspects of their duties and to enhance shareholder values. The provisions of which when violated fall under Sections 10 of the Securities Exchange Act of 1934.

It is obvious DRYS no longer needs to R/S to continue to be a viable company. George has known for quite some time that each time DRYS does an R/S he will be wiping out the common holders who have previously bought DRYS common stock. It make no difference that all he is doing has been revealed in SEC filings. He is still violating SEC law by his flagrant, irresponsible, and unnecessary destruction of common shareholders.

The following answers the question as to why other companies don't follow the same path as DRYS in order to raise capital. Because it is against the law.