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Net-Man

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Net-Man

Re: Emptyhead post# 42919

Friday, 07/21/2017 9:25:03 AM

Friday, July 21, 2017 9:25:03 AM

Post# of 58072
DRYS has a $200 million revolving line of credit from GE. It's maxed out at this point. The $37.5 million was pulled down from the $150 million dollar credit facility they negotiated I believe in May. The money was used to pay for a new vessel.

None of this is a red flag at all and is just a shipping company conducting its business.

The red flags have been the dilution and reverse splits.
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