Replies to post #51942 on DryShips Inc (fka DRYS)

[eleniak]

Shares of Common Stock Outstanding After this Rights Offering
As of August 30, 2017, 67,911,072 shares of Common Stock were issued and outstanding. Assuming the Rights Offering is fully subscribed (either with or without the backstop), then we will issue an additional 36,363,636 shares for a total of 104,274,708 shares of Common Stock outstanding as of the closing of this offering. As a result of the Rights Offering and backstop (if applicable), subject to the terms of the Purchase Agreement and conditions of the backstop, the ownership interests and voting interests of our existing shareholders that do not fully exercise their Basic Subscription Rights will be diluted.
GE and associates own 53% of current outstanding.

Thank you for your response!!!

[eleniak]

They only lost $15 million but reported it as $37/share based on a post reverse split count of 400k plus outstanding. And at the same time announced sec subpoena. Low volume walk down.

[catch the big one]

Volume hasn't been that great during this gap down, I'm not believing this is a real trend reversal. Down 17% yesterday on 7mil shares vs DRYS doing 20/30/40mil+ on the recent run. DRYS was using the 38.2% fib for the support at the $2.90s, now we're at the next strong 61.8% correction and that just so happens to rest on the $2.25 gap we filled yesterday. I'm thinking we see a good bounce on Tuesday, and if we have volume of 10mil+ that would be perfect.