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DryShips, Inc. Message Board

  • sherman_hickey sherman_hickey Apr 21, 2010 12:36 PM Flag


    I dont have a problem with companies raising cash for expansion of business. These are the types of times when great companies are made, those that take leaps of faith in the future of their particular businesses and industries, and go for it.

    And this is the main reason I invested in DRYS. I am more of a risk taker too in general.

    However, this is getting very frustrating. We keep seeing the raising of cash in different ways, and they can use the proceeds for "vessel acquisitions, working capital and other general corporate purposes."

    If they have plenty of cash to handle the last two, why the hell don't they make the new cash only available to be used for "vessel acquisitions"? The other two GE can just take for himself. I thought everything now was cash flow positive, other than the rigs getting financed.

    We now have well over a billion that is supposed to be for vessel aquisitions. When do we here of any being purchased. Everyone else is picking things up on the cheap. Even the 3 companies everyone raves about, have been picking up ships. Could a plan be in the works to pick up a full company? If not, why aren't we spending to pick up ships?

    Sorry for all the questions. Just to many thoughts running thru my head and had to throw them out there. Didn't want to start drinking this early in the morning.

    Good day to all.


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