DryShips Inc (fka DRYS)

[Burnt before]

One thing that anyone who plays here should always have in the back of their mind is that DRYS is a foreign company that just happens to list on the Nasdaq solely in order to milk the US investor and appear respectable whilst doing it.

They do not have to play by the same rules as a US based company with regards to reporting and filings and this has allowed GE to double cross and double deal everyone for over 13 years at the expense of US commons, banks, bondholders or whoever as he will always be several steps ahead of any investor no matter how smart they think they are

That is not to say you cannot make money with DRYS, but to do that you need either Luck or you follow the momo and volumes and you do not stay around for very long or a combination thereof .

History will tell you that genuine longs lose every time here as GE will try every trick in the book through his web of affiliates and sister companies to enrich himself and his family at the longs expense.

At the footnote to the prospectus it really tells you all you need to know

GE can be swing trading on his insider knowledge to his hearts content and he does not have to report a damn thing.

Do not hold this stock for long its toxic to your wealth if you do
JMHO

DryShips Inc.
Attn: Mr. George Economou
109 Kifisias Avenue and Sina Street
151 24, Marousi
Athens, Greece
+ 011 30 210 80 90 570

Information provided by the Company
We will furnish holders of shares of our common stock with annual reports containing audited financial statements and a report by our independent registered public accounting firm. The audited financial statements will be prepared in accordance with U.S. generally accepted accounting principles. As a "foreign private issuer," we are exempt from the rules under the Exchange Act prescribing the furnishing and content of proxy statements to shareholders. While we furnish proxy statements to shareholders in accordance with the rules of the NASDAQ Global Select Market, those proxy statements do not conform to Schedule 14A of the proxy rules promulgated under the Exchange Act. In addition, as a "foreign private issuer," our officers and directors are exempt from the rules under the Exchange Act relating to short swing profit reporting and liability.
Commission Position on Indemnification for Securities Act Liabilities
Insofar as indemnification for liabilities arising under the Securities Act may be permitted to our directors, officers and controlling persons pursuant to the foregoing provisions, or otherwise, we have been informed that in the opinion of the SEC such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable.