DryShips Inc (fka DRYS)

[Net-Man]

The Kalani dilution and shorts exploiting it have been the primary reason why DRYS pps has not reflected at least NAV. Keep in mind the dynamic: Kalani shorts DRYS then he sells newly printed shares to cover. Shorts borrow the new paper, sell it, and further drive the price down. Kalani's paper is likely the only shares that can be borrowed at this point. So once the Kalani dilution is complete there won't be any new shares to short. Once the selling pressure from these 2 groups ends, the pps is very likely to find a much higher, natural equilibrium price more closely aligned with NAV.