DryShips Inc (fka DRYS)

[pennyfinder]

Just noticed he is also giving shareholders rights to purchase double the amount of shares at the same offering price of 2.75 if they exercise their full subscription rights.

Say you own 1000 shares and you purchase 1152 shares at the price of 2.75 per share, he is giving us an opportunity to buy 1152 shares more at the same price based on availability. This is a great opportunity for people who wants to load up.

"The Rights Offering will also include an oversubscription privilege, which will entitle a rights holder who exercises its basic subscription right in full with the opportunity to purchase additional shares of Common Stock, up to the amount of such holder’s basic subscription right, subject to availability and the pro rata allocation of shares among rights holders exercising their oversubscription privilege."


$DRYS