DryShips Inc (fka DRYS)

[Net-Man]

EH - there is certainly a good deal of hock pocus getting done by brokerages and MMs. However, I don't see how the addition of 36 million more shares would cause a short squeeze though. At this point, GE will most likely end up with the shares. There isn't any reason to buy shares from the offering that are more expensive than the current pps. That seems to be exactly GEs plan. Assuming he ends up owning nearly 70% of DRYS outstanding, will the be any more or less trading in either direction?

My guess, and it is just that, GE will pay himself back $100 million out of the revolver with the shares. He will then push the pps up next month and off load about 20 million shares. He will stil control DRYS and have another $100+ million cash from the sale of the shares.