DryShips Inc (fka DRYS)

[the big guy]

What generally do posters/ shareholders think of this statement, pulled from the news release about the last reverse split...the shareholders have been approving these splits.

I am just curious... myself, generally when I get wind that one of my stocks is going to do a R/S, I usually sell it. I suppose if you were hopelessly down you may not want to, and just hope for the best. Just my take on things...

"ATHENS, GREECE--(Marketwired - Jul 18, 2017) - DryShips Inc. (NASDAQ: DRYS) (the "Company" or "DryShips"), a diversified owner of ocean going cargo vessels, announced today that its Board of Directors (the "Board") has determined to effect a 1-for-7 reverse stock split of the Company's issued common shares. At the Company's annual general meeting of shareholders on May 2, 2017, the Company's shareholders approved the reverse stock split and granted the Board, or a duly constituted committee thereof, the authority to determine the exact split ratio and proceed with the reverse stock split."