The Approval for the Reverse Split was supposedly filed with SEC in September, 2015..I too was shocked when I learnt this.. after that there were at least 4 R/S including current one, from what I read from other posters. So I am really confused why/how that Approval if given form SEC in September 2015 is valid for the Current R/S they did...
I am following/investing in DRYS for the first time now, so not really conversant with what went on with DRYS last year... But if they are doing R/S without an SEC filing ahead of time --- essentially there has to be a 8/10-day waiting period AFTER Approval from SEC when they can effectively do a R/S, that is OUTRIGHT FRAUD...