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DryShips, Inc. Message Board

  • audiophul audiophul Nov 4, 2011 8:51 AM Flag

    Incredible exploding share count...

    "Weighted average shares" for Q2:

    351,297,180

    Actual share outstanding now:

    426,000,000

    So earnings per share will fall 20% on the same net income. And there will be more shares after "the board" grants shares as bonuses at year end.

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    • Who's clueless?

      Mr. Economou may be deemed to beneficially own 60,125,177 Common Shares representing approximately 14.1% of the total outstanding Common Shares. This percentage ownership is based on 427,261,794 Common Shares outstanding, which is calculated for Schedule 13D purposes by taking the sum of (i) 423,761,794 Common Shares outstanding and (ii) 3,500,000 Common Shares issuable upon the potential exercise of warrants to purchase the same number of Common Shares held by Sphinx. Mr. Economou has the sole power to vote or direct the vote of 0 Common Shares and the shared power to vote or direct the vote of 60,125,177 Common Shares. Mr. Economou has the sole power to dispose or direct the disposition of 0 Common Shares and has shared power to dispose or direct the disposition of 60,125,177 Common Shares.

      Love the way you guys can't read an SEC filing and can't understand the "weighted average number of shares" listed on an earnings report.

    • Why are you putting out false information on share count.

      You are clueless.

      There were approx 380 million (fully diluted) shares at the last report. This excludes shares loaned to db - which I presume you are counting and should not.

      Other that, you or anyone else really don't have a clue how many shares are issued in terms of earnings coming up.

    • ike.mark@ymail.com ike.mark Nov 4, 2011 3:35 PM Flag

      At this current share price, I'm willing to bet on GE and how he is building out his business segments. Now if I bought above $10, I wouldn't have the same rosy outlook.

    • its true that he is diluting shares. He did so at the middle of this year. Shares outstanding at 399mil

    • Shares Outstanding Have Been: 423.76M

      Shares Float Have Been: 376.93M

      HT

    • According to American Stock Transfer & Trust Company, the Company's transfer agent, there were 423,761,794 Common Shares issued and outstanding as of October 18, 2011 (giving effect to the transactions covered in this Schedule 13D). Based on the foregoing and unless otherwise disclosed, the Reporting Persons report beneficial ownership of the following Common Shares:

      Mr. Economou may be deemed to beneficially own 60,125,177 Common Shares representing approximately 14.1% of the total outstanding Common Shares. This percentage ownership is based on 427,261,794 Common Shares outstanding, which is calculated for Schedule 13D purposes by taking the sum of (i) 423,761,794 Common Shares outstanding and (ii) 3,500,000 Common Shares issuable upon the potential exercise of warrants to purchase the same number of Common Shares held by Sphinx. Mr. Economou has the sole power to vote or direct the vote of 0 Common Shares and the shared power to vote or direct the vote of 60,125,177 Common Shares. Mr. Economou has the sole power to dispose or direct the disposition of 0 Common Shares and has shared power to dispose or direct the disposition of 60,125,177 Common Shares.

    • "According to American Stock Transfer & Trust Company, the Issuer's transfer agent, there were 399,136,033 Common Shares issued and outstanding as of April 12, 2011 (giving effect to the transactions covered in this Schedule 13D"

    • Same income? Acquisitions much?

    • If you are a lying SOB and made up that shr count.. You should be shot.. Where did you get that shr count from???

 
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