DryShips Inc (fka DRYS)

[Net-Man]

Spartan - GE gave shareholders back $2.5 million in dividends in 1Q and 2Q. That seemed to be an attempt to move the pps to help Kalani distribute new shares at a higher price. Not sure he will continue with the dividend now. If he did though, it would be somewhere around .04/share (68 million OS with $2.5 million dividend). That probably isn't enough to move the pps needle all that much.

The only thing that seems clear to me at this point is there will be 104 million outstanding on 10/2. Unless the pps moves higher, GE is likely going to own a whole lot more of DRYS. I honestly don't know if that would be good or bad for shareholders. However, another $100 million in assets will help the overall valuation of the company.

GE isn't done buying ships yet. The question that brings to mind is will that be accretive and when? Positive revenue guidance should propel the pps to a much higher level too. Factors like the BDI moving higher (up again today @1398 +13) will push the pps higher.

A lot going on over the next 2 weeks. It will be interesting to see if all of those other factors will move the pps beyond the offering price.