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International Business Machines Corporation Message Board

jrmills0014 56 posts  |  Last Activity: Jul 12, 2016 1:41 PM Member since: May 25, 2002
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  • jrmills0014 jrmills0014 Jun 30, 2016 10:00 AM Flag

    As seems GE's privately owned Co. Buys, sells + leases everything.. Reality, GE sold Drys everything.. Now he has bought about everything back.. We don't really know that anything was for real. All we really Know..He got idiots to buy 672M shrs of this worthless POS...For over $3B.. Now has wiped out all but 27M shrs and it's selling for like .60.. An not really worth anything...

  • jrmills0014 jrmills0014 Jun 30, 2016 9:10 AM Flag

    OK, remove 3 zeroes... Point being.. Lot of money.. You know what GE has left you for your $3B.. 20 money losing panamax.. That you couldn't sell for $100m. And $270M debt.

  • Don't know where all of it went.. But seems Geo. Economue took $3B and maybe lot more.. And bought himself an Island, one of worlds biggest art collections and his own privatly owned shipping empire...

  • In studying other drybulkers.. Buying stk in any of them.. You just giving our money away.. Now is this stk worth one red penny? Dam if I know? They done wiped out Original stk buyers.. Now lenders have took over... Just what are they up to? Those 44 Supramaxes may be worth what debt is?? That puts egle way ahead of other drybulkers...They can do anything they dam well please with this Co. In mean time, it seems, They have issued theirselfs like 380M shrs.. That they don't want us to pay attention to. That is absolutely BS!! If you read their filings with SEC, There is like 380M shrs.. Yet they telling us there is only 45M shr.. To begin with. It would be a miracle to see any drybulkr turn profitable? But EGLE could? But it would'nt be a lot? Hell of lot of difference. In deviding a few mil. by 45M or 380M.. Let's try to put this into perception.. If 380M shrs.. You would have to be an idiot to pay over .10 per shr.. Duh!! This idiot bought some at .35 .. Now just trying to figure out, what it is really worth.. If you figure it out.. Pls tell me!!!!!!

  • Reply to

    Another Greek company in the scam ring

    by pretendyes Jun 29, 2016 9:28 AM
    jrmills0014 jrmills0014 Jun 29, 2016 11:15 AM Flag

    Here is something really amazing.. Salt out of Moroco.. Didn't join into this scam till first of 2014.. Since then have sold over $2B worth of stk.. All that money is gone.. And they have nice debt built up.. Not long ago, Had a 1/12 reverse split, to keep it from getting delisted.. Stk price jumped to $10.. for short time.. Money is getting harder and harder to get.. But they were just able to sell 23M common shrs for $3.05 per shr... These drybulkers, ain't about if they can make money.. It's about how much they can beat stk buyers + lenders out of?? Knowing eventually they can BK the Co. And walk, with their money... Salt scammed as much in 2 yrs, as it took others, like 10 yrs. to scam...

  • Reply to

    Another Greek company in the scam ring

    by pretendyes Jun 29, 2016 9:28 AM
    jrmills0014 jrmills0014 Jun 29, 2016 10:41 AM Flag

    Obviously, all they got to do, is incorporate thru Cyprus That's what all these drybulkers done.. And if they ain't a scam.. There never has been one...

  • Reply to

    sixty cents - ok to own

    by dollar_dividend Jun 28, 2016 10:13 AM
    jrmills0014 jrmills0014 Jun 28, 2016 3:39 PM Flag

    Did those shrs go to Orig? I don't think so? GE has funny way of setting up subsidiaries, that we don't really know, who really own, or where money flows? He said Orig was wholly owned Sub. Of Drys.. Yet none of Orig's revenues or earning, ever went to Drys.. If you doubt that? Don't, That is fact.. Now seems like sub of Orig, controlled by GE, was the ones, who got that Orig stk.. I don't believe Orig would receive any of money.. If that sub, were to sell all that stk.. A few yrs back.. I pulled up a subsidiary of Orig, when Drys, still supposedly owned most of Orig? Damned thing!! That subsidiary, said Orig had over 50 subsidiaries? How could that be? As GE had never mentioned any of them on Drys Or Orig's earnings reports.. Personally, I was just trying to figure out, where all the money was going?? Obviously, I figured it out? In 2011, I thought Drys was a jewel?? Since 2012, I been shouting from roof top.. GE just raping it.. And would eventually BK it.. Well eventually, is standing at front door.. And all earnings have disappeared, Along with about $3B from stk sales.. Now, that $3B worth of stk, is worth less than $30M.. Personally ! think. It's way past worthless.. And seems Geo. Economue is richer than 40' up bulls az..

  • Reply to

    sixty cents - ok to own

    by dollar_dividend Jun 28, 2016 10:13 AM
    jrmills0014 jrmills0014 Jun 28, 2016 1:42 PM Flag

    What else they going to do? Drys couldn't possibly have money to keep paying them.. But most likely walked with pocket full of money.. Last qtr. Drys' General and Admin expense, was dam near what they generated in revenues. (10M).. As Drys started this qtr, with $5.7M cash or equvilent.. And losing lot more than they generating in revenues... What can Drys have for Gen+Admin, this qtr?? Drys don't have serious problems.. With 270M debt.. They got problems.. There is no solutions for..Other, than filing for BK... I figure GE F'ed Drys and Orig out of between $7B to whatever since 07.. But only about $7B was actual cash, from stk sales, earnings, and loans? As he ended up with his own personal shipping empire.. He may have put himself, in as bad a shape as he has Drys and Orig?? I sure hope so!!! But he did invest lot of that money wisely! He owns one of worlds biggest art collections.. Seems art always appreciates... Seems like people, with more money than they know what to do with.. Will keep paying more and more for art... Why is original Mona Lisa, priceless? Other than it is priceless? I wouldn't pay $100. to have it hanging in my house..

  • Reply to

    sixty cents - ok to own

    by dollar_dividend Jun 28, 2016 10:13 AM
    jrmills0014 jrmills0014 Jun 28, 2016 12:38 PM Flag

    You belong on cartoon network.. You are a looney tune.. Kemmy been telling us it was going up since it come off $5. First of 2014.. That was pre split.. Now equivalent of dropping from $125. per shr... To .60.. Guess what! Drys won't generate as much revenue this qtr, as 1st qtr.. In 1st qtr.. they generated about $10M.. Wrote off another $40M as impairment.. And actually lost another $15M Loses for 1st qtr were $55M.. Couldn't possibly be any more impairment?. Look for Drys this qtr.. To generate less than $10M and don't know where money will come from.. But will loss another $15M...

  • Seems, EGLE has like 380M shrs outstanding?? But the ones who own all that stk.. Selling stk..keeping shrs outstanding hidden.. Indicating there is only 45M shrs outstanding.. As it seems they got most of that stk, Not actually lending Egle money.. But making money available, with line of credit, should Egle need it... As EGLE shouldn't need that money.. They basically got all that stk for free.. Now if they could just get it sold... Basically free money.. Not sure? But seems last line of credit of like $60M.. They will be charging egle like 15% interest on.., They ain't even using? For lenders and officers.. Looks like they got sweet deal!! As for other common stk holders.. Bend over.. You get the shaft...

  • Reply to

    I may buy at .20 a share

    by silverguinto Jun 25, 2016 6:50 AM
    jrmills0014 jrmills0014 Jun 28, 2016 10:50 AM Flag

    As far as EGLE: It's in good shape.. They own 44 Supramax.. And they leasing at lot better rates than Capes + Panamax.. When I say better than Capes.. Oh capes on spot are leasing for like $6600. per day and Supras for $6200. per day.. But Capes, hell of a lot bigger.. They have hauling capacity of like 175K DWT.. Supras like 52K DWT.. Reality.. Egle services different mkt, than Capes + Panamax... As Supras have their own cranes for loading and unloading.. But what is stk worth?? Seems they have like 380M shrs outstanding and indicating they only have 45M?? Seems, they are crooks, trying to sell, a lot of stk, that buyers, don't know exist.. I don't follow prgn.. But it seems all these drybulkers.. Got hell of lot of debt.. That no way, they will ever be able to pay off.... BTW: EGLE has already been sent thru BK.. And past stk holders wiped out.. Now lenders have took over.. Just what are they up to??

  • Reply to

    fukallyoo

    by finallytherenow Jun 24, 2016 9:32 PM
    jrmills0014 jrmills0014 Jun 27, 2016 10:41 AM Flag

    Hey you hedge funds have your problems.. Us Joe six packs, don't care! Our only concern, what is common stk worth? Talk all you want to about preferred.. We don't own any.. And we done figured out common stk, ain't worth one red cent.. Take all that valuable info.. And sell it on another street corner.. Joe has already spent over $3B on Drys stk.. Now worth basically nothing.. We know Geo. Economue made over $3,000.000,000.00 ($3B) off Drys.. Sad part.. You hedge funds may have beat Joe out of more?? Joe, may have spent well over several billion on Drys stk.. Now 27M shrs.. And selling at like .60.. And really ain't worth nothing.. Geo Economue, has already took any assets, that even had possibility of having any value.. Drys supposidly, owns 20 Panamax// They ain't worth half of Drys debt? Drys is way past worthless...

  • jrmills0014 jrmills0014 Jun 27, 2016 9:58 AM Flag

    In trying to understand? Big discrepancy? After spot rates, for Supras, went up Fri. to $6136. per day.. Why are time charter rates (12 mths) at $5350. per day? I think we dealing with bunch of idiots? Why would you lease a Supra at $6100. per day, for 3 mths, when you could lease it for 12 mths, for $5350? They must think rates for supras going to fall?? Why I don't think so.. There actually be shortage of Supramax? As they got a lot of newbuild Supras, being built in 2016 +17.. In mean time.. Not that this bunch, running EGLE, care about stk holders.. They do have EGLE, in financial shape, to survive?? While none of other drybulkers will...

  • Reply to

    I may buy at .20 a share

    by silverguinto Jun 25, 2016 6:50 AM
    jrmills0014 jrmills0014 Jun 27, 2016 8:32 AM Flag

    About now.. Value of UDW rigs.. May not be worth, no more than scape prices?? Sure no demand for them..Frackers will geer back up, before demand for UDW rigs.. Orig has another $2B of revenues coming in.. Will cost at least that.. To keep existing rigs, Operating.. Where is money going to come from, to drystack rigs, as contracts run out? Hell it may cost as much to get them to scrappers, as they worth.. Orig needs at least another $6B, that no way, they can come up with...

  • Reply to

    I may buy at .20 a share

    by silverguinto Jun 25, 2016 6:50 AM
    jrmills0014 jrmills0014 Jun 27, 2016 8:08 AM Flag

    IMHO you would be paying .exactly .20, more than it's worth.. In reading yalls comments.. Not that oil is going to go up.. But even if it did.. Price of oil has nothing to do with Drys any more? When tankers, started leasing at decent rates.. Goe Economue took all of Drys tankers.. He just took the last 40% of that Orig stk, that Drys, supposedly owned.. He wants to sell it.. Before letting cat out of bag.. Orig, is in worse shape than Drys.. Orig, has like $2B backlog left? That may be end of any revenues for Orig... As they can't lease rigs... And they got over $4B debt.. Their big problem.. What to do about those 3 newbuild rigs.. They still on the hook for like $2B..

  • And sure big enough, to pay attention to.. Fri. Spot rates for Supramax were $6100. per day..Fri, Compass, reported T/C rates have dropped from $6250. to $5350. in last week?? They also reporting, value of bulkers, just keep dropping?? Whether any of that, really means anything.. I sure don't know... As far as I know? That $5350. per day.. Could represent last Supra leased, last week? And not have much to do with what they are really leasing for?

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