Replies to post #16051 on DryShips Inc (fka DRYS)

[ash111]

DRYS as suspected http://seekingalpha.com/article/4026214-simple-math-tells-us-dryships-can-still-fall-80-percent
"
"Simple Math Tells Us That DryShips Can Still Fall 80%", Potential dilution from the company's latest financing can still drive the company from the $6 level to the low $1 level easily".

[minten]

that somebody can't possibly know that. at the current conversion prices you're looking at about 50 million new shares to be issued. by now, looking at volume, they might have dumped 10-15 million max.

maybe they let drys spike one or two days (i doubt it), and then resume the selling. maybe they resume selling today. ultimately, any spike will be sold hard for weeks, if not months to come, until we're near the 1.50 minimum. then likely the minimum will be lowered further, and we'll quickly head towards a new reverse split and this whole game will repeat itself.