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RainyDayWriter

05/12/18 12:36 PM

#43093 RE: slmlrd #43091

But sometimes, it does. Greek carrier DryShips sold vast sums of discounted shares to an offshore firm and propped up prices with ‘reverse splits,’ sending investors on a wild ride that, for many, ended with steep losses.
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When a company’s stock drops 99.9% in six months, there’s probably a story there. When, despite that carnage, the company’s assets double during the same period, even more so.
And when 1.68 million of the company’s shares held early last year equal exactly one share today, well, what is going on?
Drys was indeed eventually issued a SEC subpoena.

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