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Net-Man

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Net-Man

Re: Spartan post# 55873

Thursday, 02/22/2018 8:11:29 AM

Thursday, February 22, 2018 8:11:29 AM

Post# of 58072
LOL. Considering everything DRYS does is to benefit GE, it makes me think he will buy up shares as cheaply as possible. By reducing the outstanding, it increases GE's percentage holding of DRYS and subsequently DGAS. With roughly 30 million shares not owned by GE today, the $50 million could buy between 10-15 million shares. Said otherwise, this could add 5% to 9% more ownership to GE just through the buy back.

Keep in mind, the share buy back isn't buying GE's shares. It's all the other shares in the current float.
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