DryShips Inc (fka DRYS)

[Just a Speculator]

Debt into shares ? Theses ships are owned by the sale of shares to Kalani and shares on the open market to naive investors , the 6Ks tell you what the plan is , and GE has stuck to his plan , there is NO debt to convert to shares , Kalani probably has a contractual deal where they pay 15-20 % below any sales that they do in the open market , that's why any spike in the price is sold into by Kalani , and if they have $94 million more shares to sell there won't be any spike , Most likely when the $94 million is down to about 10 million GE will make another deal with Kalani for another $150 million,
Too many people on this message board praying for any bounce and those people will post anything to fool themselves into believing something that is very far from reality .
These shares trade exactly in the category of what is referred to as :
Toxic Financing ... it is a way to bring in money ... at the sacrifice of the share price ,
It is a common practice in the industry.