Agree. DRYS share price was down 98.8% due dilution but co. for the first time has powerful Balance sheet ( per analysys), Liquidation value is over $500m, investments already been done and company estimated that its rebuilt fleet can produce $77 million of EBITDA (H2) vs last year's loss. So there is no doubt how big undervalued PPS is and also obviously no need to dilute at all anymore. That's why folks saying including me that lawsuit seems to be very solid. Odds are good for shareholders at this point. Imo. Judge will want to stop the Harm to shareholders till he can hear the Case and/or company will provide solid explanations. This could take place any day. about 14 days left for CEO to defend himself. If the Temporary Restraining Order Happens, DRYS will no doubt make one of biggest nasdaq run ever. All imo.
My posts are my opinion and should not be used as investment advice. Make your own decisions in your stock trades.
