In roughly a month GE distributed 30+ million shares worth approximately $44 million. I expect the next month will go about the same as the past month and GE will distribute about the same number of shares and the outstanding will be ~40 million by 8/22. The Kalani balance at that point will likely be around $25-$30 million when I expect GE will buy the balance. Maybe that will be new money or a transfer out of the revolver for common shares. Either way, given where the pps will likely be trading at that point, GE will end up being the largest shareholder in DRYS once again.
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