DryShips Inc (fka DRYS)

[Net-Man]

Agreed. He is interested in completing the Kalani transaction though. The current course will quickly get DRYS to a point where the rinse-and-repeat strategy of printing shares, dumping, and reverse splits simply don't work anymore. I have been predicting at least one more reverse split if things continue as they have. What I didn't expect though was the pps to be cut immediately in half on a reverse. At this price, GE won't be able to sell very many shares before the pps sinks below a dollar again. This strategy has gotten to point where it really won't work much longer. So what's his next option? It would make sense to let the pps rise for a while before hammering away with new paper.