DryShips Inc (fka DRYS)

[Dryswilltakeitall]

If George can modify or cancel the offering at any time prior to the expiration date, than he could either lower the price of the offering say to $2.25 per share, or if the stock was to spike way up technically he could cancel the offering and keep the shares. Does he own the 36 million shares outright already or would he have to pay for the shares himself if he canceled the offering?
After destroying the long shareholders here for years why can't he just come out and say the words
"There will be no more reverse splits within the next 2 years, that sure would be a positive sign for those who have been screwed big time in the past and have trouble trusting this CEO or DRYS going forward.