Effecting the reverse stock split will reduce the number of issued and outstanding common shares to approximately 4.8 million shares. http://dryships.irwebpage.com/press/drys190617.pdf plus back in November it went to 1.1 million When the reverse stock split becomes effective, every fifteen shares of the Company’s issued common stock will be automatically combined into one issued share of common stock. This will reduce the number of issued common shares from 17,025,140 shares to approximately 1.1 million shares. http://dryships.irwebpage.com/press/dryspr102716.pdf