DryShips Inc (fka DRYS)

[Blingsauces]

He isn't claiming he got permission at the May 2nd annual meeting ... He did get permission as it clearly stated in the PR... "to effect one or more reverse stock splits of the Company's common shares at the ratio of not less than 1 to 2 and not more than 1 to 1000, inclusive,
with the exact ratio to be set at a whole number within this range to be determined by the Company's Board of Directors at a later date... There is a little more to it than what I quoted but go-to the May 2nd PR and read item #3... In layman's terms it gave the company authority to do as many R/S as the Board of Directors deems is necessary at a price to be determined later by the Board of Directors

As for they wouldn't dare do it again... People been screaming that all last week and the prior week and the prior and right before the last R/S when the first law suit was filed... He will continue until a court or regulatory authority makes him stop...