Replies to post #27872 on DryShips Inc (fka DRYS)

[Burnt before]

No Problem,

My last point today to emphasis how this is obviously going to result in massive dilution is the terms of the fixed amount requests.

We are prohibited from issuing a Fixed Request Notice if (i) the amount requested in such Fixed Request Notice exceeds the Maximum Fixed Amount Requested, (ii) the sale of shares of our common stock pursuant to such Fixed Request Notice would cause us to issue or sell or the Investor to acquire or purchase an aggregate dollar value of shares of our common stock that would exceed $200.0 million, or (iii) the sale of shares of our common stock pursuant to the Fixed Request Notice would cause the Investor to purchase an aggregate number of shares of our common stock that would result in beneficial ownership by the Investor of more than 4.9% of shares of our common stock (as calculated pursuant to Section 13(d) of the Securities Exchange Act of 1934, as amended, or the Exchange Act, and the rules and regulations thereunder). We cannot make more than one Fixed Request in any Pricing Period and must allow five trading days to elapse between the completion of a Pricing Period and the commencement of a Pricing Period for any other fixed request.

So they will never become beneficial owners because they will keep unloading the shares in to the market, otherwise George makes no money as he will not be able to shift any shares.

I advise all to read the terms fully, not pretty for commons
http://ih.advfn.com/p.php?pid=nmona&article=73895865