No... No ... & No... I am saying he needs another authorization to do more than a 1 for 4 R/S ... Which if he has control of voting is simply a rubber stamp...
Currently it looks like he has lost his voting majority if reports that his preferred shares are being diluted as well are correct as I think they are due to the stated amount in the law suit filings...
However... I expect DRYS board of directors all GE friends and family as I understand will just sell/issue him more preferred super voting shares and he will regain control of voting again somehow and approve more R/S
News 
Market Data 
Discover 
