Replies to post #40522 on DryShips Inc (fka DRYS)

[Lone Wolf]

About 6 weeks ago, I too thought this might hold up and move up...and I was wrong. I was willing to give it the 'benefit of the doubt', but the pattern here gets clearer by the day.

[Net-Man]

I-Man - If GE wasn't dumping more paper on the market a holding strategy would make sense. The reality is the pps keeps going down reflecting the future value of shares based on the amount of paper yet to get dumped. From the last filing GE did, the company had $107 million left to dump on investors. I would guess that will equate to another 80 million (pre-split) shares. Anyone buying last Friday when the share count was just over 9 million will end up owning 1/8 of that in the next 2 months with the expected dilution yet to come. Put another way, if you invested $1000 dollars last Friday, 2 more 1:5 reverse splits will leave you with $40.

I don't see any value is DRYS shares at this point.