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Net-Man

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Net-Man

Re: None

Tuesday, 07/25/2017 4:51:02 AM

Tuesday, July 25, 2017 4:51:02 AM

Post# of 58072
Since a week ago Mondy, DRYS has traded over 76 million shares. Assuming an average post-split per share value of $2.25 and Kalani being at least 20% of that volume, GE has collected at least $34 million. That would approx $40 million left to dilute. This could be wrapped up this week of the volume continues like the past 2 days.

Then there is the GE wild card. I still think he may buy a large block of shares in order to maintain his control of DRYS. He either needs to buy a lot of common shares or structure another deal for preferred.
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