DryShips Inc (fka DRYS)

[Net-Man]

Everyone here seems to expect this will continue to play out as it has for the past several months as the remaining $45+ million is sold. What is interesting is that at some point, and likely very soon now, the many traders sitting on the sidelines are going to jump in. That will undoubtedly run the pps higher and reduce the number of shares Kalani ends up selling. All of which means the book value per share will ultimately end up higher and feed the momo.

it also seems clear someone is already buy a large amount of shares. Kalani has not been the largest part of the trade. So who has been? If GE or an institution decides to take a large block of shares in the next few days, the Kalani dilution will wrap up even sooner. There is a lot of risk on both sides of the equation today and certainly would not feel all that comfortable especially being short.