Replies to post #52870 on DryShips Inc (fka DRYS)

[Burnt before]

Not sure where you are finding a reference to a lock up period for rights shares

Its all there in the Prospectus, with the Caveat that with consent from the company he can do what the hell he wants ( GE lets GE in other words) just like the last 13 years



As for all the longs who still cling to this turd hoping to get rich take a long hard look at the deterioration in the stock price if you hold this toxic Greek scam too long, this is from the very same prospectus, i repeat this stock is a trade only and if you hold it for too long you will lose money. GE is a total rouge who uses commons to keep himself wealthy, he knows full well being foreign registered the same rules do not apply and he plays commons like fiddles, this prospectus is just the latest ruse to try to raise some free money.

[mottstocks]

Burnt Before beat me to it. In the prospectus under Lockup. I should've been more clear - the lockup applies only to the backstop investor, NOT common shareholders who would take advantage of the offering.

And given that circumstance, I think the best thing that could happen in the near term would be if GE bought all the shares.