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Re: I-Man post# 56537

Thursday, 05/31/2018 7:50:24 AM

Thursday, May 31, 2018 7:50:24 AM

Post# of 58072
I-Man - I am not expecting any further reverse splits either - at least not in the foreseeable future. GE sold 2 ships to DRYS and received $43 million. It makes me wonder what he has planned for the money and how that might come back negatively for DRYS shareholders.

As for the new ships, the NR didn't provide any details on what revenue was expected from the ships this year. So at this point, as with most of DRYS assets, the new assets immediately become undervalued and for now there isn't any value add in buying the ships. Perhaps GE can help boost the pps next week by providing more detail on where he understands the market is going.