I-Man - hope you catch a few trout on your trip. Based on what DRYS looks like right now, my guess is the pps will start running up next month and may actually take a nice jump when GE provides more info on the DGAS spin off. I am thinking it may be 1 DGAS for 1 DRYS. Considering that DRYS will maintain 51% of DGAS and assuming there are only 94 million DRYS shares outstanding at the time, that would mean DGAS would start off with the following share splits:
DRYS - 47,940,000
GE - 35,466,200 currently owns 72,421,515 shares of DRYS or 70.6%.
Assuming 94 million after the buyback, GE will own
roughly 77% of DRYS
Everyone else will share in the remaining 10,593,800. Maybe this will be a catalyst for DGAS and the pps will run up a bit.
