Replies to post #50086 on DryShips Inc (fka DRYS)

[omri]

U r so right totally agree .. gltu and all this is going much higher !!!!$$$$$

[the big guy]

He sold those share to himself (entities related to him), so it was not on the open market. I was thinking about that myself, whether or not those shares would form a barrier fro the stock price. If the true value is higher, why wouldn't the stock go there. But, the shares are sold to himself... so what does it matter?

[ThebondoKid]

eleniak, If this wasn't a criminal enterprise and a terrible industry I'd say you were correct, but in this case GE was just trying to use a # that was high enough that he felt the stock could hurdle. GE has committed no cash. What does that say about his real point of view? Hes just trying to rob shareholders in a more covert way. He only agreed to stop diluting until dec 2017! What does that tell you !?!? duh?

GE has agreed to back stop the deal because if he has to put up the money he will then gain voting control. He aint stupid and hes not putting up any cash unless he can extract it right back. This deal is nothing more than an alternative con because Kalani got busted but the recent lawsuit and GE had to make Kalani go away.