PBK - I actually hope you are on a beach under a palm tree in the 50th state. There is a lot of info related to delisted companies and path to become re listed. I don't believe it will come to that though.
There are two things GE can do and one of those is to request an extension, which will give DRYS another 180 days to set things right. They could also be planning something that will move the pps in the time remaining. One thing I don't believe is that GE can orchestrate a reverse split in the next two months. So that option would seem to be off the table, at least for now. I think it is becoming more likely an extension will be requested and if granted, push the deadline until well after the 4Q ends. That would allow for the balance sheet to reflect all of the debt repayments and a more profitable 4Q ( spot rates are historically greater towards end of year). The larger story could then unfold with the remaining debt being restructured allowing DRYS to have much higher net revenues.
Of course, GE may take some other approach all together. Whatever the plan is, The clock is ticking and we will know more soon enough.
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