DryShips Inc (fka DRYS)

[Net-Man]

The reverse splits had an effect on GE's preferred shares just like common. Even though each of his preferred shares carries 100,000 common votes, each reverse split cut the number of preferred shares just like common. He now has roughly 290 preferred shares left. So GE no longer has control over the vote. As I noted earlier today, GE is no doubt planning some way to maintain that control. The most straight forward way would be to buy a large block of common while the price is low.