Talking about potentially offering up to 50 million shares at some point in the future at the market price at that time- could be $4 could be $10. In any event we are just adding about 8% more to the outstanding shares and the proceeds will give DRYS a much better balance sheet. It is no different than getting a home equity line of credit from the bank. They may tap the 50 million or so shares in multiple offerings so as not to rattle the stock holders.
Since the ORIG business is doing very well. The potential dividend DRYS receives can be used to buy back DRYS shares. Therefore, this ATM could help DRYS keep her current ownership of ORIG and make minimum impact to DRYS share price