I AM VERY GLAD THAT THE CEO FINALLY OWNS SHARES OF THIS COMMON STOCK BECAUSE BEFORE TWO WEEKS AGO THE CEO CALLED ONE REVERSE SPLIT AFTER ANOTHER WHICH HE PERSONALLY NEVER LOST ANY SHARES OR MONEY ON, BUT FOR HIS SHAREHOLDERS IN DRYS, THE LONG SHAREHOLDERS, THE ONES WHO HELD THIS STOCK IN THE PAST, WELL THEY HAVE LOST IN MANY CASES ALL OF THEIR INVESTMENT HERE AT DRYS. SOME HERE HAVE BEEN ASKING ABOUT HOW MANY REVERSE SPLITS HAVE TAKEN PLACE
HERE IS THE DRYS SHIPS SPLIT HISTORY FOR THOSE UNFAMILIAR WITH THIS STOCK
TAKEN FROM THE WEBSITE SPLITHISTORY.COM
DRYS split history picture
DryShips (DRYS) has 8 splits in our DRYS split history database. The first split for DRYS took place on March 11, 2016. This was a 1 for 25 reverse split, meaning for each 25 shares of DRYS owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 40 share position following the split. DRYS's second split took place on August 15, 2016. This was a 1 for 4 reverse split, meaning for each 4 shares of DRYS owned pre-split, the shareholder now owned 1 share. For example, a 40 share position pre-split, became a 10 share position following the split. DRYS's third split took place on November 01, 2016. This was a 1 for 15 reverse split, meaning for each 15 shares of DRYS owned pre-split, the shareholder now owned 1 share. For example, a 10 share position pre-split, became a 0.666666666666667 share position following the split. DRYS's 4th split took place on January 23, 2017. This was a 1 for 8 reverse split, meaning for each 8 shares of DRYS owned pre-split, the shareholder now owned 1 share. For example, a 0.666666666666667 share position pre-split, became a 0.0833333333333333 share position following the split. DRYS's 5th split took place on April 11, 2017. This was a 1 for 4 reverse split, meaning for each 4 shares of DRYS owned pre-split, the shareholder now owned 1 share. For example, a 0.0833333333333333 share position pre-split, became a 0.0208333333333333 share position following the split. DRYS's 6th split took place on May 11, 2017. This was a 1 for 7 reverse split, meaning for each 7 shares of DRYS owned pre-split, the shareholder now owned 1 share. For example, a 0.0208333333333333 share position pre-split, became a 0.00297619047619048 share position following the split. DRYS's 7th split took place on June 22, 2017. This was a 1 for 5 reverse split, meaning for each 5 shares of DRYS owned pre-split, the shareholder now owned 1 share. For example, a 0.00297619047619048 share position pre-split, became a 0.000595238095238095 share position following the split. DRYS's 8th split took place on July 21, 2017. This was a 1 for 7 reverse split, meaning for each 7 shares of DRYS owned pre-split, the shareholder now owned 1 share. For example, a 0.000595238095238095 share position pre-split, became a 8.50340136054422e-05 share position following the split.
When a company such as DryShips conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. The $5 and $10 pricepoints tend to be important in this regard. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share. Looking at the DRYS split history from start to finish, an original position size of 1000 shares would have turned into 8.50340136054422e-05 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into DryShips shares, starting with a $10,000 purchase of DRYS, presented on a split-history-adjusted basis factoring in the complete DRYS split history. DRYS split adjusted history picture
Growth of $10,000.00
With Dividends Reinvested
DRYS split-adjusted CAGR
Start date: 08/21/2007
End date: 08/21/2017
Start price/share: $660,206,400.00
End price/share: $3.31
Starting shares: 0.00
Ending shares: 0.00
Dividends reinvested/share: $13,994,430.06
Total return: -100.00%
Average Annual Total Return: -84.84%
Starting investment: $10,000.00
Ending investment: $0.00
Years: 10.01
Growth of $10,000.00
Without Dividends Reinvested
DRYS split-adjusted CAGR
Start date: 08/21/2007
End date: 08/21/2017
Start price/share: $660,206,400.00
End price/share: $3.31
Dividends collected/share: $13,994,430.06
Total return: -97.88%
Average Annual Total Return: -31.96%
Starting investment: $10,000.00
Ending investment: $211.97
Years: 10.01
