You can take your BS.. And shuv it.. I hate you mo foes, just posting BS!! Now explaine how revenues going up? As Drys now got 20 Panamax.. Oh rates have went up, from 1st qtr.. But if those 20 Panys were leased in 1st qtr.. They are leased for lowest rates, we ever saw.. Any azhole, that makes a post, like yours.. Should be took out and shot.. Drys will report lowest revenues, ever for this 2nd qtr... Sit back and watch...
I don't believe, she has sense to realize how stupid she sounds.. On june 6th, Drys closed at $2.36... On June 7th.. She bought back, what she said was double position.. At $1.31... While Kemmy always make money??? If she is sitting on stk bought 4th qtr 2014 @ $1.40.. Drys had that 1/25 reverse split... Consiquently.. She sitting on stk, that cost $35. per shr.. And now trading for .44.. And going lower...
You welcome.. I been telling everyone since 2012.. How GE had been robbing Drys and Orig, since 07.. And still was.. Now he has robbed them blind.. Everything they telling today.. Started in 07.. By 2012, drybulkers were becoming worthless.. But Drys supposedly owned 72% of Orig.. In 2012, 13,14 + 15.. At least $2B of Orig earning should have belonged to Drys... GE was waylaying them for himself.. While he kept selling as much of Drys stk as he could.. Has anything they reported on earnings reports ever been true?? Before they remove them.. Read 1st Qtr, 2015 ER... Those 13 Capes, Drys supposedly owned were leased on long term contracts.. From $20K to $55K per day...By 2nd qtr.. GE going to buy them.. But then, all 13 leased at $12.5K per day. With no explanation. Lot of difference in the value of a bulker leased at $40K per day, than $12.5K?? Now question is? The way they got all these Drybulkers, set up, that were incorporated thru Cyprus.. Investors have invested well over $10B in drybulker stks.. I don't believe they ever, really owned anything..As the ones running them could take any profits.. Drys sold over $3B worth of stk.. All that money is gone.. Hell SALT come to game late.. Since first of 2014, Bunch of crooks out of Monico, have burned thru over $2B from stk sales.. They won't last.. And SHIP, is a joke!! But give them A for effort.. They stayed listed, for about about a yr.. And didn't even have any bulkers..Now have like 7.. Now have borrowed all they can, against value of those bulkers.. And the ones who come up with those Bulkers.. Issued themselves enough stk.. If they can sell that stk? Going to make millions.. Nothing compared to billions, GE made off Drys.. But, I ain't got a plan, I could make millions?? Do you?? Last time I made a million.. Invested it wisely.. Houses + Lots.. Hoe houses and lots of liquor.. At 73, It would be dangerous, if I made a million.. Who is greatest of all times!! Elvis dead.. Ali dead.. I'm still kicking..
If you had been checking.. Since first of 2014.. They done sold over $2,000,000,000.00 ($2B) worth.. All that money is gone.. Actually seems, the ones running this POS.. Will buy $15M worth.. If they can sell the other $45M worth? If you haven't figured out what they can use that $60M for.. It is being used for Corp use.. Pay their salaries and compensations.. Will be cold day in hell.. Before I would send this bunch another penny. If they trying to sell stk.. Chances are.. Lenders won't lend them another penny.. Not only have they burned thru, money from stk sales.. They have burned thru, ever what debt is... Yea send them another $45M to keep paying themselves.. While trying to figure, how to F people out of more money..
Are people this ignorant? Must be?? After SALT had a reverse split and wiped out most of the first $2B worth of stk sold.. They now re-selling the same stk.. First time around.. Got upward of $10. per shr.. Salt has always, been basically worthless.. Now way past worthless.. They didn't tell us what they sold that last 27M shrs for.. But should have got like $3. per shr? Ain't like $10. But to me.. $3. X 27M is lot of money.. If you haven't figured it out.. Salt never had a chance of turning profitable.. And never will turn profitable.. When they can't sell any more stk or borrow any more money.. This bunch will walk with their ill gotten gains and send it into bankruptcy.. What you expect!!! Moroco, well known.. For being a bunch of crooks.. They studied how those Greeks, F'ed stk buyers + lenders out of billions.. They done in 2 yrs. what it took those greasy greeks, 10 yrs to do.. Beat stk buys and lenders, out of billions... Oh make no mistake.. This bunch actually lost most of that money.. Bet your sweet bippy.. They will still walk with millions.. I study all these drybulkers.. I been basically broke, since 09.. And at 73 yrs old. With nothing better to do.. Fix me a drink..And explain how as a stk buyer... These dummies, have beat you and lenders out of billions.. And they ain't geniouses,, But how smart are the ones who have bought billions of dollars, worth of worthless stk.. Check any drybulker.. They are all losing big time money.. And going forward.. Two chances of turning profitable.. Slim + none! Oh Sheet, Slim just left the building.
I told a lie.. GE when he really wanted to sell more of Drys stk.. He had Orig declare a dividend for like a yr.. In 2014, about $60M of Orig's revenues flowed to Drys, in form of dividend.. Drys stk holders never benefitted.. But GE, did sell $423M of Drys stk.. Now what happened to that $60M + $423M? It seems to have vanished.. Like the other $3B worth of stk, he sold..
To other joe six packs.. If they continue to try to sell 380M of this BS.. It's basically worthless.. You will never receive anything? On other hand! If only 45M shrs...Very possible..Going forward.. Those 44 Supras could be earning enough, to pay a divvy? Lot of ifs and buts involved? In mean time.. Seems they are like other sleaze balls... Want to sell you 380M shrs, of a worthless stk..
I was just thinking of you! In checking out historic price board.. Just wondering, will you idiots, ever have the nerve to do what you done, again, on April 27, 28 +29? And trying to figure out why? I figure to make stk in your port folio, look better? Drys was already overpriced at $2.88.. Yet for those 3 days.. Volume really jumped. Drys went to over $4. I assume you were right in middle of that fiasco.. And as I have told you repeatedly! I have no position in Drys or Orig.. And never will, again.. But if you think Drys is worth one plug nickle? You need to learn to read their earnings reports.. By first of 2012, I had figured it out.. Eventually, It will go BK.. In mean time.. Idiots like you can drive it up, any time it's benefitial to you.. In mean time.. You sitting on stk, that is worthless.. I'll Make a deal! And give you shot at making money off me..Run it up to $4. again.. I will buy some puts.. I ain't like you slick dudes.. I ain't got sense or resources, to short a stk.. But do know Drys + Orig are both a POS.. Geo Economue, has robbed both of them blind..
I would tell you what he's going to do with those last 27M shrs of stk.. But as he's Done shuved over 640M shrs, up there.. Probably no room left...
Oh he put trap out.. But not with Drys.. He basically told us Drys is worthless.. As he just bought the last 40% of that Orig stk, that supposedly was owned by Drys.. Trap was set, to sell that Orig stk, that basically he owned over 100M shrs.. Orig reported good earnings??? Which was very creative, reporting.. And seems GE has struck again.. He paided less than $1. per shr for that like 55M shrs of Orig.. Now on absolute BS! Got it selling for like $2.50 per shr... Let me tell you about creative reporting.. I wouldn't even classify it as creative bookkeeping... Last qtr, Lenders took big discounts on loans, that Orig owed, while they could get anything.. GE reported difference in what he paid them. And what cost would have been, if they had let loans ride.. As profits.. Orig should have several billions in impairments to write off... They wrote off like $500M qtr before last.. But as he wanting Orig figures to look good, while selling his 100M shrs... Last qtr. forgot to mention.. Those rigs, are now worth several billion less, than Orig paid for them.... He will waite till he sells all that Orig stk he can.. Till he brings their impairment cost up again..
As it's not like GE to give Drys anything... Drys is way past worthless!! That preferred stk? May give the ones who putting up that $5M-$10M.. Right to take those 19 Panamax, before the lenders who are owed over $200M take them.. They may could sell them for average of $4M apiece? Not to feel too bad for lenders.. A yr ago, I thought GE was going to stick over $700M debt up their rectum.. Now seems like only about $250M..
Correction!!! What stk is selling for.. Dam well don't mean it's worth that... Personally I wouldn't pay 25C for Orig stk.. If I had to hold it for 2 yrs.. Only way Orig won't be BK in 2 yrs.. Oil would have to go back to like $100. and demand, return to drill in deep water... And that BS ain't going to happen!!! At $50. Some frackers may be gearing up wells, they shut down, at lower prices?
First of 2011.. Drys looked like a jewel to Me? According to Earnings reports? Generating $1B in revenues per yr. and profitable.. Still owned Orig.. And in 2011, was adding 4 newbuild rigs.. That no problem leasing them for $200M apiece per yr.. GE had already sold 300M shrs of drys from $100. to like $5. per shr.. Those rigs should have been payed for?? Yet? GE sold 22% of Orig for $500M? To take delivery of first newbulild rg, being delivered in Jan 2011? First indication, Drys never really owned Orig? Orig payed Drys $100M of that $500M, for some options, Drys had payed for to get in line to have additional rigs built.. Bottom line.. Drys never owned Orig? Yet on Drys earnings reports.. Indicated they did.. Pure BS! None of Orig's revenue or earnings never flowed to Drys... Up to you to figure where the other $400M went.. And where all their earnings was going.. Back to Drys.. In 2011, Drys should have been very profitable? Why was Geo.continueing to dilute it. selling stk? Only way you could tell he continued to sell Drys stk.. Check earnings reports to see how much outstanding shrs had went up...GE was busy selling 80M shrs of Drys in 2011, as stk dropped from over $6. to $2.-$3.. And as Drys stk holders had basically payed for first 6 rigs.. They should have been very profitable?? All Geo was doing.. Borrowing billions, against equity in those rigs..Where did all that money go? Along with all the earnings, Orig should have been generating... Why am I rehashing all that BS? GE telling up there is 27M shrs outstanding?? He converted some preferred stk into 100M shrs of common.. Right before R/S.. At time// they were worth like 10C per shr.. But only shrs effected by R/S was shrs issued and outstanding... GE may be selling, his 100M shrs @ over $2. per shr?? Kemmy as yall manipulating it up and down.. Are you ending up with more stk, than you started with??
That's just small portion.. I have went back and read lot of past earnings reports. Whether by design or not.. Geo. started robbing Drys in 07.. Oh if bulkers had of kept leasing from $50K to $100K per day.. Drys would have been fine.. Even with the billions he was taking.. But those 20 Panamax, GE left Drys with are leasing for like $4.5K per day.. And Drys is way past broke.. Even thou he sold over $3B of Drys stk (672M shrs).. GE never respected that? He bought and sold assets, whereby he always benefitted and stk holders always got F'ed.. Funy part. Idiots kept buying stk?? One instance, In 2011.. His nephew had come up with $20M, and owned 51% of Ocnf.. It was in process of going BK.. GE + Nephew worked it out.. Drys bought Ocnf.. Nephew in like 3-4 mths. Turned that $20M into like $50M. GE spent over $100M of Drys money..On BS.. Just as he just did wth Nautilaus.. As Drys don't have any money to take.. For that worthless POS. GE took last 40% of Orig stk.. Dumped over $100M of Nautlaus debt on Drys.. And can take one of those Panys, if he wants it? And will most likely get Nautilaus back.. Maybe debt free? He's going to stick all that $270M debt of Drys, up lenders rectum..
The real question right now! Are the lenders as crooked as others involved, in drybulkers? Lenders own like 95% of EGLE.. Our concern? What ;is other 5% worth. EGLE is great buy, if only 42M shrs.. But seems these idiots, trying to F stk buyers.. Seems there may be 380M shrs? U figure out rest..
Up till, now those Panys not worth owning.. I figure, that's only reason Geo. Economue hasn't took them, like he has everything else, for his personal fleet... But now rates getting decent.. Look for him to buy those Panys for less than $100M.. As for that other $270M debt.. It will get shuved up lenders az..
When reading earnings reports.. Read them real good till you understand what they are really saying.. And always keep in mind they are unaudited? Geo Economue, has sold idiots over $3B of Drys stk.. He took all that money, one way or other.. And you own absolutely nothing of value, for your $3B.. Just how did GE, make billions, off Drys.. Blowing smoke up your butt! And getting you to ignore, important facts.. While harping on what earnings would have been, without interest, depreciation+ amortization..EBITDA.. Important to Geo.. As he was taking most of that money.. All we should have been paying attention to.. If Drys reporting earngs After what GE was taking.. EAITDA.. Too late now! To worry about it...GE has took it all.. And left you holding more debt, than assets worth.. And losing lot more money, than they can generate, in revenues.. If rates for those 20 panama, Geo, left Drys with.. Were to triple.. Drys still couldnt dig out of hole, GE has it in.. In mean time.. Sleazy hedge funds,Will take a worthless stk like Drys.. And try to make money on it? If successfull? They laugh at your dumb az..
As they have lost $1.24 per shr, The last Twelve mths. If they done a 1 for 5 RS.. Loss per shr would be $4.96.. And for every 5 shrs you now own.. You would own one shr... What would a shr of NM be worth, losing that much per shr? Not much!! You can dream, things going to get better.. That's BS.. NM has $1,640,000,000.00 debt.. ($1.64B).. And that debt is going to get worse, if they can borrow money for those newbuilds.. If they have to cancel them.. They will have to pay cancellation cost and lose all money already paid to builders.. Why did these idiots keep ordering bulkers, after very apparent no demand for them.. Seems all these drybulkers have a third party, who really run things??They charge Co. like 30% commission, when ordering a newbuild.. And they take their money, regardless... If you own common stk.. You really own nothing.. They have sold any equity to preferred stk holders.. The ones who own that preferred and the ones they owe that $1.64B.. Really own everything... Drys recently had a 1/25 RS.. Oh stk price held up for 3 mths. It took Drys 3 mth for stk to fall back under $1. per shr. When Newl started It R/Sing their stk.. Tey shouldn't of had but few thousand shrs outstanding.. But were trading upward of 100M shrs some days...Seems they had borrowed $25M from a lender.. And lender made them give them right to issue all the stk they wanted to.. As Co. R/S.. Lender was selling tons of stk into the mkt.. When Newl finally got delisted and went OTC.. At one time, they had several billion shrs outstanding.. It was selling for like .0001 cent.. My best advice on any of these drybulkers.. If you own any of them Take what you can and run like hell... They are a joke..
Kemmy, how many times have you told me how smart GE Is? How smart would it be? For him to refinance Drys debt? To begin with.. Only way he could do that.. Use his own money.. How smart would it be to refinance Drys Debt? They ain't generating enough revenues, to pay light bill.. Actually losing a lot.. As far as assets.. Couldn't sell everything for $100M? Yea! GE going to refinance $270M debt.. Rave on cat sheet.. Someone will come by and cover you up eventually.. I think on last ER, they got everything for sell, for like $89M? And obviously, no takers, at that price.. My take: GE, just letting everybody Know, Drys is worthless, before he sends it into BK.. Oh! he owed the ones who bought over $3B worth of Drys stk.. One last song and dance act.. That come with that reverse split... With money Drys is losing.. It was worthless when there was 672M shrs outstanding.. And actually worth less now, with 27M shrs outstanding? Now loses per shr, for last 12 mths.. Are $102.68 per shr.. Check out summary board, if you doubt that... What is a stk worth? Oh I know lot of that $102. per shr loss, was from money GE took, in past.... But never the less!! Drys won't generate over $10M in revenues this qtr.. And most likely will lose about $1. per shr.. Drys had $5M, beginning of qtr.. Just come up with $5M to $10M.. They little short, to keep operating, thru this second qtr.. When you can't pay crew.. They quit coming to work.. Well I guess, the 2, you and GE are partial to.. May will keep showing up.. But what is a limp wristed SOB, good for? Scuz me, miss kemmy and GE, if I hurt yall's limp wristed feelings!!
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..