PBK - Not surprising that Deutsche Bank reaffirmed their hold rating. Lowering their target from .50 to .37 was interesting too. They have probably been running the cash out value for DRYS and subtracted a bit for the risk value.
I spoke with IR yesterday and came away with out any more clarity. GE either has not provided any more details or IR is unable to say anything. Everyone seems to be waiting on the next pr from GE saying the rest of the ships have been sold. Once that happens it seems DRYS will become a financial holding company versus dry bulk. Still no word on whether he has filed for a NASDAQ extension. There is still time to do so, but the closer the deadline looms the less likely that seems. My guess is this will be back above .50 if/when he does file for an extension. Otherwise, DRYS becomes a delisted/private company.
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