Replies to post #40656 on DryShips Inc (fka DRYS)

[zturk]

The problem is that when this day comes around, several RS would've taken place and investors will be losing money. Right now, the best option is to short that stuff and keep a close watch on it with a stop loss order option. We may be seeing under a buck today

[slmlrd]

Not so sure if scam should be used. For some reason no specifics about any of the contractual partners involved in any of new fleet pr's. Most likely the partners share prices would suffer the same fate as DRYS did.

[Wildfalls]

What debt ? The Greek buys the ships cash . His family has all the voting shares . He sells worthless shares to buy ships and owes nothing . Why would anyone use a bank loan when people who can't do an hours D&D on this disaster give U money for junk shares ?

[Just a Speculator]

Debt into shares ? Theses ships are owned by the sale of shares to Kalani and shares on the open market to naive investors , the 6Ks tell you what the plan is , and GE has stuck to his plan , there is NO debt to convert to shares , Kalani probably has a contractual deal where they pay 15-20 % below any sales that they do in the open market , that's why any spike in the price is sold into by Kalani , and if they have $94 million more shares to sell there won't be any spike , Most likely when the $94 million is down to about 10 million GE will make another deal with Kalani for another $150 million,
Too many people on this message board praying for any bounce and those people will post anything to fool themselves into believing something that is very far from reality .
These shares trade exactly in the category of what is referred to as :
Toxic Financing ... it is a way to bring in money ... at the sacrifice of the share price ,
It is a common practice in the industry.