Replies to post #52766 on DryShips Inc (fka DRYS)

[aidenb8]

From my understanding:
No, once exercised its yours, and there is no reason to do it now, when you can buy on the market.

Question:If you buy the rights offering and the price is not higher than $2.75 by Sept. 28th can you cancel your buy order.

You are entitled to 1 share per 1 share you have. The extra .15 has to be requested from your broker, and you have to pay for it if available.
Based on my understanding of GE's way of thinking, he has already bought all that and it will not be available. There is no reason GE leave that for you, he has already exercised all his at 2.75.

So, if the price goes beyond 2.75, sell some of your shares that you will buy tomorrow, on the market with the discount, and purchase the rights to bring down your price average.

Again, be aware YOU are playing with fire, and YOU are the only one to blame if you loose more/all, knowingly. Put only enough money that you can move of with YOUR life, should things go awry.