Replies to post #53241 on DryShips Inc (fka DRYS)

[eleniak]

and ge, owning 69.5% of outstanding, would want to short and drive down price for what reason?

[Net-Man]

EH - perhaps. An irrational person might want to destroy their value. On the other hand, they might actually want to start moving the pps higher into a period where they sell. In GE's case and just guessing, let's say DRYS gets back to at least book value. That would add $700 - $800 million to GE's value. I doubt he is planning any short sales in the near future.