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jrmills0014 329 posts  |  Last Activity: 45 minutes ago Member since: May 25, 2002
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  • When he basically made Cardiff the parent CO. Whereby they handle everything.. In 07 they cancelled a billion dollars worth of bulkers, Which, back then were getting long term contracts.. At very lucritive prices... I think Drys took like billion dollar hit on that... Then Cardiff bought Orig. and sold it to Drys.. Took another billion dollar hit.. Since then GE has sold about $4B of Drys + Orig stk.. Took about all earnings.. And borrowed $6B against assets.. To cover the billions he has took... They say he has a lot bigger fleet of ships than Drys.. His own private island and one of the worlds biggest Art colections.. Not bad.. He started Drys in 05 with 6 19 yr. old (scrape bulkers).. Up to you to decide whether he is genius or theif? He didn't hold a gun to nobodies head and make them buy any of those 670M shrs.. Does he distort the truth.. Sure he does.. Still reports Drys earnings as Drys still owns Orig.. And had already told everybody, in 1st qtr 2013 earnings report.. The 2 had been seperated...

  • Reply to

    drys selling six ships to orig

    by goldbed85 Jul 1, 2015 2:02 PM
    jrmills0014 jrmills0014 Jul 2, 2015 2:58 PM Flag

    As rates for bulkers suck.. And Orig not able to lease rigs.. Tankers are leasing at highest rates in yrs.. So GE is going to take some of money he has made off the sell of Drys + Orig stk.. Along with all profits they ever made.. And is buying Those tankers, for himself.. He is buyer and seller.. In mean time: He resolves another of his problems.. When Orig was selling for $14.50 a shr.. To borrow $200M against value of Orig Stk.. He personally signed and garenteed that $200M.. At the time.. $200M looked like nothing.. Now with where Orig stk is trading.. It sure looks like a lot...

  • jrmills0014 jrmills0014 Jul 2, 2015 2:21 PM Flag

    Supor, as you seem earniest. Drys post the BDI in their website every morning as Daily Market report.. Click onto Drys profile, and then onto their website... BTW: About a yr ago Panys set all time low of $3.3K per day.. Big deal rates have double? Panys will still be losing money, operating at these rates...

  • jrmills0014 jrmills0014 Jun 25, 2015 11:03 AM Flag

    If you think the all mighty dollar controlls everything!!! It's crazy as hell!t Who would care about money.. If it wasn't for woose.. Funny part.. Every woman has one! But they just as crazy as men.. Always looking for something better! I don't care who they are.. Man or women or like kemmy, whose sex is unknown? If one of best looking persons they ever saw? Comes' by.. Everything goes out the window... I am thru with driving women crazy!! I hardly ever go out of the house.. On flip side.. When I see a good looking women! Eat a mile of sheet, to see where it's coming from.. Big disjustic to other women, less attractive.. Skin them and they all look alike..

  • jrmills0014 jrmills0014 Jun 25, 2015 10:30 AM Flag

    You are correct.. Yet someone should be informing joe six pack.. I ain't got one penny invested, anymore! Yet have spent a lot of time studying drybulkers.. My conclusion.. Greeks are lazy good for nothing.. What would your life be like.. If without having to do very little work.. And going to retire at 50..""Regardless"" While they can still appreciate those good looking Greek women with big ole hairy bushes.. Hey Joe, just keep buying these drybulker stks.. And lenders keep lending them all that money.. What the hell will they care.. The older we get.. Less we want to hurt those big ole hairy beast.. But been a while since I wrestled one.. Next one will get torchered, "" in my dreams"", I will hurt that thang.. In mean time.. Greek's have been living a dream life!! Now what is going to happen? As seems they have been borrowing money for yrs.. With no plan to pay it back? Good time to move to greece.. Price of woose, should be cheap..

  • As rates for bulkers have improved a little in last week or so.. They still stink to high heaven.. Sorry longs.. Truth must be told... Let's analyze that last contract on the Boston! According to last earnings report.. It was leased thru Feb 2016 for $14.25K.. But to be sure they got it leased for next 2 yrs.. That new contract, starting in Aug, is for like $13K per day. Bottom line: Maybe DSX can operate bulkers at those rates? But the compensations, the officers are taking has already wiped out any value to common stk.. Personally I would love to see DSX go crazy and run up! But I won't be telling no lies.. If DSX runs up.. I would buy me a few puts..

  • jrmills0014 jrmills0014 Jun 25, 2015 7:28 AM Flag

    Time does go by.. Actually.. It won't in last 6 mths.. GE sold $333M of Drys stk.. And borrowed another $200M.. It was in Oct 2014... So where I said in last 6 mths.. Should have been in last 9 mths...

    t

  • On that note.. Geo Economue has sold over $4B of Drys + Orig stk.. Has borrowed over $6B against their assets.. And all revenues and any earnings have dissapeared.... As things have been going to hell in a hand basket.. In last 6 mths.. He has sold another $333M of Drys stk.. Just sold $200M of Orig stk...Borrowed $200M against Drys assets.. And $475M against Origs'.. No wonder GE is so rich and most likely.. Drys and Orig will both go BK...

  • Reply to

    BDI UP 5%

    by melbornjohn Jun 24, 2015 9:13 AM
    jrmills0014 jrmills0014 Jun 24, 2015 10:35 AM Flag

    Capes going up and Panys going down..Is Bad for Drys... Drys has all their Capes leased.. BDI represents spot rates.. And most of those 24 panys of Drys. lease on spot.. And your dumb A harping on tanker rates.. GE has bought, stole or what ever.. Those tankers from Drys... As he has done with anyything else with value, Drys ever had..

  • jrmills0014 jrmills0014 Jun 23, 2015 11:12 AM Flag

    Anyone posting that BS!! Should be took out and shot!!! Only reason GE bought any of Drys or Orig stk.. All money from stk sales flow to him.. If there is any money from stk sales of Drys or Orig.. GE can take it.. In mean time: In last 2 qtrs.. He got idiots to buy $333M of Drys stk and $200M of Orig stk.. To show good faith.. He personally bought like 5% of the stk, he was selling.. Wake up and smell the roses.. In this case.. More like smell the BS!! As for that $15M per qtr in divvy flowing from Orig to Drys.. Brilliant move by GE.. Indicates Orig + Drys are both worth more than they really are.. Now try to figure out where the 95% from $533M in stk sales went in the last 2 qtrs... Or for that matter! Where, since 07, Where over $4B from stk sales have went, along with any earnings and money from over $6B in loans went.. If you want any answers.. You better be figuring them out now.. When GE sends Drys and Orig into BK.. He won't have to explain anything!!! Stk holders and all history will get wiped out.. GE ain't the stupid one.. It's the dummys that just keep throwing money at him..

  • Reply to

    DRYS Amazing Q2 Coming- Today DRYS Pops

    by melbornjohn Jun 23, 2015 8:22 AM
    jrmills0014 jrmills0014 Jun 23, 2015 9:58 AM Flag

    GE IPO'ed Drys in 2005/ with like 33M shrs..Since 2007 GE has sold another 640M shrs.. About $3B worth.. And at one time Drys was generating good earnings and owned all of Orig.. All those earnings dissapeared.. And GE had already basically stole Orig/ when it looked attractive.. Now who would want it? Now after he takes tankers.. Drys will be sitting here with 39 bulkers.. Generating BS in revenues and losing more every qtr than they even generate in revnues.. How long can Drys survive? All those billions Orig has been generating, have dissapeared.. Along with over $1B from sell of Orig stk.. If things don't improve for deep water drilling.. Orig will go belly up, when they can't come up with money to pay for those newbuild rigs.. GE got lenders to lend him another $475 for that last one.. But he had got leases on it.. Before oil prices collapsed... BTW: GE knows thats when rubber will hit the road.. He just added $30M cost to those 2 newbuilds, getting builders to move out delivery date.. As for that little divvy Orig is paying.. It's just adding to about $6B debt.. In mean time GE just keeps selling as much of Drys and Orig stk, at any price he can get.. Why should he care how many shrs are outstanding? When he sends them into BK?? All those shrs he just sold of Drys for $1.40 and Orig for $7. will get wiped out.. Just like the stk he sold for $100. per shr... Is GE a genious or a theiving no good for nothing SOB? He has made himself billions off Drys.. Of course stk holders have lost billions.. And never saw any of the profits, when Drys was profitable...

  • Reply to

    DRYS Amazing Q2 Coming- Today DRYS Pops

    by melbornjohn Jun 23, 2015 8:22 AM
    jrmills0014 jrmills0014 Jun 23, 2015 8:56 AM Flag

    BS! Drys has been covering over $50M per qtr, in loses. Reporting figures for Orig + Drys are one and same..""They ain't"".. Rates for bulkers sucked in 2nd qtr... And Orig won't be reporting enough in earnings to hide loses, Drys will report.. And just remember.. This will be last qtr.. Drys owns those tankers.. They are doing good!! So GE is taking them for his private fleet...

  • GE accomplished what he wanted to.. He sold idiots $333M more of that Drys stk in 4th qtr 2014.. Now if you read what happened to last couple of contracts.. Orig is doing good to be getting $100M per year.. Leasing rigs.. In mean time.. He is going to use that backlog of Orig.. To sell Orig stk and borrow every penny they will lend him... What happens, if demand to drill in deep water, don't come back? And I ain't sure there will be much demand.. Seems oil is going to stay close to $60. per brl, for forseeable future? And better chance of it dropping, than going higher... Just how bad a shape is Orig in.. That they would dilute the stk at $7. per shr.. to raise $200M? If this turns out like that last Drys stk, sold, at $1.40.. Drys is now trading at half that.. Has GE done figured Orig ain't worth over $3.50 a shr?

  • Reply to

    Economou Best DRY Bulker CEO

    by melbornjohn Jun 20, 2015 10:47 AM
    jrmills0014 jrmills0014 Jun 21, 2015 8:24 AM Flag

    Dab, since 2007, stk outstanding went from 33M shrs to 670M shrs.. All that money has dissapeared.. (maybe $3B) Along with all earnings.. Debt last reported was about $1.2B.. Thats for Drys.. Now that he can't sell any more of Drys stk.. Or have any assets, that he can borrow against.. Seems he now has Orig in same shape.. He just started diluting that stk.. BTW: Out of the billions, Orig has generated in revenues..(Earnings, who knows?) Only about $90M flowed to Drys... In form of a divvy to stk holders, of Orig stk.. He has sold over $1B of tht Orig stk, that Drys once owned.. And has borrowed about $5B against Orig assets... Where do you think all those billions went? One thing for sure.. Drys stk holders.. Never saw any benefits or dividend.. Just watched stk go from $100. to 70C... And if they stick around much longer.. They will probably see GE send into bankruptcy..

  • The last bulker they leased was the Leto.. See headline news.. It got leased for $7100. per day.. If you check last earnings report. It had been getting leased for $11350. per day.. Consiquinty loses just going to get.. worse...

  • Reply to

    jrmills what is your short position

    by seamaster911 Jun 11, 2015 3:00 PM
    jrmills0014 jrmills0014 Jun 15, 2015 4:47 PM Flag

    I have told you. I bought 10 puts on DSX.. It ain't about the money, with me. I am just tired of watching the lies.. Now to answer to your question.. I watched in 4th qtr. 2013. BDI rates for Capes go to like $42K per day.. Rates for Panys go to either $28K or $38K.. They didn't stay there as long as a snow ball last in hell.. Yet Drybulker stks shot up.. Now BDI rates for capes and panys under $6K per day.. So what BDI does for short spurt.. Don't matter... DSX tells you what they are getting their bulkers leased for... And what they are leasing for sucks! Watch how DSX loses twice as much money in 2nd qtr.. As they lost in 1st qtr... And make no mistake.. I don't believe rates for bulkers will go up high enough to change my tune.. All drybulkers are destined to go BK...

  • jrmills0014 jrmills0014 Jun 15, 2015 10:59 AM Flag

    In your dreams.. GE dumped those tankers on Drys.. When they were bad deal for him..
    Spun the BS for couple of yrs.. How Drys was going to IPO them.. Sold a bunch of Drys stk on that BS.. Now Drys has paid for half their cost, with money invested in Drys stk.. Now, Tankers are hottest thing going.. instead of IPO'ing them.. GE is buying them.. Tankers are gone!! And whether you know it.. There may be few dollars equity in that Orig stk.. At $7. per shr.. But at $6.?? He pledged all that Orig stk to lenders When it was trading at $13.50 per shr.. If there is any equity in Orig? It's very little.. But it appears.. GE still makes all decisions? Why would the lenders he has on the hook for over $6B.. Or those partners, he sold parcial interest in some of those rigs to... Agree to let him sell Like $200M of Orig stk? Just so that $200M can flow to him? Why would anybody dilute Orig stk? Generating like $2B in revenues this yr.. And have $500M in cash? I know why! It's all BS! But in my neighborhood!!.. $200M ain't even in our wet dreams? Now it seems $200M is just childs play to GE.. Just how much of Drys and Orig can he sell to idiots?? After already selling like $4B worth of Drys and Orig stk, since 05.Things getting rough!! In last 6mths.. He has sold another $333M of Drys and now this close to $200M of Orig... The point being! The game is over..GE has made all he can? Stk holders will get wiped out.. Lenders will have to deal with GE, As what assets are worth? Who has upper hand there? Lenders will get what GE, decides to pay them... Up till GE gets rediculaus....

  • And still not much off all time lows... To begin with DSX don't lease their bulkers on BDI.. They lease their bulkers on T/C.. So a little move for BDI really means nothing to DSX.. Yet they had DSX going up Fri, shoveling you BS.. Are you #$%$? DSX announced, they renewed the Leto.. Just like all the other bulkers DSX has been re-leasing...Rate dropped.. It was being leased at $11.35K per day.. Now for next 15 mths.. It's leased at $7.1K pd.. DSX has been reporting loses every qtr for last 2 yrs.. And every qtr. things just keep getting worse... BTW: DSX tells you what they get those bulkers re-leased for.. You can check last earnings report, What it was being leased for.. Before these greedy Greeks, can sell off all your equity.. Take what you can and get out, of any drybulker you supposidly own equity in.. Reality, have you ever owned anything? Officers were taking all profits.. When drybulkers were profitable.. Now as they going BK.. They are selling off any equity.. Or borrowing against it? Still taking their compensations...
    :

  • jrmills0014 jrmills0014 Jun 11, 2015 12:54 PM Flag

    BS!! As Drys dies.. Are the ones who invested billions. Just going to forget the billions they invested.. Just ended up in GE's pocket... As far as feeling sorry for the Co. GE is the Co. F the Co.!! Feel sorry for the idiots, That GE was able to sell billions or stk to....

  • jrmills0014 jrmills0014 Jun 11, 2015 11:50 AM Flag

    The sheet may hit the fan, earlier than I thought? Drys got loans against that Orig stk. Using it as collateral, when Orig was trading at $13.50 per shr. Now Orig ain't selling for half that... I don't know when the ones that, that orig stk was pledged to, can start selling it.. But the way Orig is dropping?? They may already be selling, that Orig stk.. That idiots think Drys owns?? How can stk holders fell they ever owned anything buying Drybulker stks.. When the ones running them take all the money from stk sales.. And should they report earnings? They have a circle jerk! And take profits as bonuses.. If you ain't figured it out yet.. Any money you ever invested in a drybulker.. You are just contributing it to the greedy SOB's running them...

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