Replies to post #34081 on DryShips Inc (fka DRYS)

[Mbrew34]

Someone else posted the declaration on ST yesterday too.

[Burnt before]

Those charters have been in place a long time , this is not new news

that information is also on the DRYS webpage, not hard to find

http://dryships.irwebpage.com/press/dryspr010517.pdf

https://www.vesselfinder.com/news/4896-TMS-Cardiff-Gas-Returns-to-HHI-for-Two-More-LPG-Carriers
https://www.lloydslist.com/ll/sector/tankers/article516482.ece?service=print

The 4 VLGC were ordered by George in 2015 from his TMS subsidery and already had the charters in place back in 2015 so its hardly breaking news, at the moment DRYS has only taken up 2 of the options, with George pocketing over $10 million by selling in house as the original purchase price was $78 million a ship and big George is charging Drys $83.5 million,
Great Guy that CEO
Trade this ticker only its not along term hold, CEO cannot keep his hands out of the cash register

JMHO