You may have the capability to drive it up.. But to do that.. You going to have to buy a lot more of it, as you do..In the mean time to keep from getting lonely.. You can stand in line with all the eskimoes.. That George sold ice boxes to.. They been waiting for yrs.. For Goerge to run those electric lines, he promised.. While those ice boxes ain't good for nothing.. Eskimoes at least got them to look at? Well actually they probably don't want to look at them, no more than you want to look at any Drys stk you ever bought... Or any other drybulker stk, you may have ever bought.. Those Greeks, got everybody, selling these Drybulker stks.. Now if there is any justice..They will all catch some kind of desease that makes their junk to dry up and fall off.. Don't you imagine all those Greek women have big ole hairy bushes?
What the hell does any of that got to do with Drys.. They tell you right on earnings reports.. Results are unaudited.. And last thing they tell you.. Laws protecting them, if they just happened to lie.. Hey after 30 yrs of Bernie Maddoff.. You would think people would pay attention, to what is really going on.. Now please expalain.. What accounting standards and consolidation, have to do with Drys..Is the fact, in the last yr..Outstanding shrs have went from 382M shrs. to 663M shrs.. Considered consolidation by you? And forget accounting standards.. As everything is unaudited.. As for yrly report, where they say it's audited? I imagine, they pay someone to varify, what was reported qtrly matches figures for yrly figures.. So if qtrly results were a bunch of lies.. What good is that yrly report?
They stated: Drys is pure shipping Co..Own shrs of Orig.. Drys and Orig assets and financials have been completely seperated.. That #$%$ ER is still in Drys website.. Why don't you read it.. It ain't me that failed to grasp what GE was saying.. When financial statements, and financial results are differnt.. One of them is a lie! If Drys and Orig financials, are one and same..Why is Orig, lending Drys $120M at like 12% interest? As for that $14.8M divvy flowing from Orig to Drys.. That's just an example of how low GE will stoop to? To continue selling this worthless Drys stk, to unsuspecting idiots.. That divvy don't amount to anything, except GE transferring money from his left pocket, to his right pocket.. Hey it worked.. He just sold new bunch of idiots, another $333M of this worthless stk, to go along, with other Over $2B worth, he had already sold.. Of course when they realize..Drys earnings report are falsified with Orig's results.. They have every right to get upset..
Zorb, BDI rates are spot rates.. And they have been getting beat up bad? And most likely will effect Time Charter rates..DSX leases all their bulkers on T/C.. But last week T/C rates weren't effected much. As spot rates were getting hammered.. Compass Maritime Weekly. Reports every Fri. what T/C rates are doing.. And what is purpose of pumping dcix against dsx? Seems dcix earning flow to DSX??
Don't know that those rates mean a lot? But do know rates are way too low for Drys, to do anything but lose money..If you check back thru Drys earnings reports.. Which are all in their website.. Last time Drys reported earnings.. All their bulkers had a TCE of about $30K per day..Oh, scuz me.. I forgot about last qtr.. Whereby they reported Orig revenues + earnings in with Drys.. And turned big loss into small gain.. Read 1st qtr, 2013 earnings report.. Drys and Orig's have been completly seperated?
As the original Audio, told us all in early 2011..You don't know GE.. Drys stk holders would never see any benefit from Orig..I didnt believe him back then.. Now I do.. Only one who has ever saw any benefit from Drys or Orig is GE.. He's took all profits, and money from sell of over $3.5B of Drys and Orig stk.. Now Drys has 663M shrs outstanding..Losing money.. And more debt, than they can handle? So far value of that Orig stk, has kept Drys afloat? But now GE has already pledged most of that stk, against Drys debt... And if you think things are looking better for drybulkers? Just check out what bulkers are leasing for... As for Orig.. They could very easily suspend most drilling in deep water? You are aware Orig has 4 newbuild rig's being built? And have no contracts signed for 3 of them... Now will the ones in operations.. Get any of their contracts cancelled? I sure as hell don't know.. But would bet they will... Bottom line: I think Orig and Drys will go BK, in next 2 yrs.. And could happen in next yr? I don't believe that backlog, that Orig has. is worth a dam? I won't believe those contracts, are firm.. Untill they honor that $1.3B contract that, starts, in later part of 2015? Now if other contracts don't get cancelled.. Maybe, Orig and Drys survive? In mean time.. What will you own with Drys? Orig's revenues, really have nothing to do with Drys.. So you got Drys, generating about $380M in revenues per yr.. Losing money.. With 663M shrs outstanding.. Yea get you some!
I don't know that this has anything to do with price of oil? Or whats causing it.. But find it fascinating.. In this day and time..McDonalds is rationing french fries, in Japan.. Could you imagine, there actually be a shortage of taters, maters or snap beans..
I never realized, how much Russia Economy was tied to oil.. Now that arrogant Putin, is going to have to get off his high horse.. Or he will have to be replaced.. If he thinks everyone is willing to suffer, just for him.. He better start paying attention.. To what happened in Iraq, Iran, and other Counties.. When leaders, thought they were above, others.. You let peoples yunguns start going hungry, just so Putin can push a point.. Putin will learn something fast! I would be a dangerous man, if I had yunguns at home going hungry! Putin may say it ain't his fault? But if he has the power to keep my yunguns from going hungry.. And does nothing about it?
So far, Saudi has been saying, they weren't going to cut their production.. Now seems they may be ready to sit down with other OPEC members to decide how to reduce production? OPEC's next meeting is scheduled for July.. Now look for them to get together, in next month or so.. And attempt to get price of oil back to at least $70.? It ain't rocket science to realize.. They would be better off, selling half as much oil, at $70. to $100. Than letting it fall to $35. to $50. So far it looks like they been cutting their own throats? But don't bet that Saudi, Iran + Iraq will ever agree to anything? Don't seem to be a lot of love between them?
It was well known, when sanctions got lifted against Iran.. They would be adding from 3M to 5M brls per day to supply...Even without that oil.. Prices may have dropped some? With what frackers have added to supply.. Now Saidi ain't going to play ball with anyone.. Especially Iran.. Instead of cutting back on their production.. In last couple of weeks.. They are giving U.S. and Asia, a $2. per brl discount? Yesterday, it was announced Iran is now giving Asia the biggest discount on oil, in last 14 yrs? I figure Iran needs to sell all the oil they can? How much can they pump a day? Saudi is different situation..They got plenty of money and oil.. But dam well don't want Iran to take away, any demand for their oil? In mean time.. Saudi has let it be well know.. They ain't cutting production.. Looks like everyone will have oil running out their ears before long? China started stockpiling oil at lot higher prices.. Now they are looking foolish..And if the ones who filed tankers and had them sittiing, full all over the word, when they manipulated oil up to $150. If they started buying up oil at $90. and paying for tankers.. They are getting their head, arz and pocketbooks handed to them on a platter.. Now lets see what Saidi, will do, about Iran giving those big discounts to Asia, to sell them, their oil? In the mean time, Russia, needs to sell lot more oil at these prices, to even survive?? Tells me to ignore little jump in oil today? It could very well go lower?
I have come to believe. What they post at top of that BDI report.. Don't mean much of nothing? I thought spot rates was from 3/6 mths? Look at the difference in what they say spot rates are and what they say Capes are leasing for 4/6 mths..I don't believe for one minute they are leasing Capes for $5.3K per day?
bSeems we are on different page? I'm thinking you are talking about bulkers.. And apparently you are talking about tankers... On that note.. GE may be selling tankers, he bought for himself at a nice little profit.. He dumped 12 tankers on Drys, when tankers weren't looking good... Hard to figure what Drys ended up paying for them with commisions of 30% going to Cardiff, for buying them, ""for Drys?"".. And then interest on $770M, while they were getting built.. The when tankers, started looking better.. GE to reduce Drys Capex.. Bought 2 of them.. Of which Drys thru in some cash, for him to take them... So if he charged Drys another 30% commisions for selling them.. GE has very little in those 2 tankers.. It's BS like that, that he has pulled since 07, to take billions.. In 07.. He Cancelled like $1B worth of Bulkers, with very lucrative long term contracts.. I figure, they all ended up belonging to GE.. And its took till now.. For truth to be coming out...All the profits and money from stk sells, been flowing to GE thru Cardiff.. And now only thing Drys has is more debt, than they can service.. GE said, have a Merry Christmas.. Nothing greater than sipping $1K bottle of Conyak...
If stk holders, were responsible3 to pay debt out of their pockets.. I doubt, they could give Drys or Orig stk away? As of right now.. We don't know what debt is? I think it's like $1.2B-$1.3B? But may be down to about $1B? Then again.. Some of debt, that got rolled out, along with accumulating interest.. May not be included in debt reported? When they warn you on earnings report.. That results are unaudited.. And tell you They are taking safe harbor act.. Protecting them.. If what they are reporting isn't true? You should proceed with caution!! At .05.. I may would buy a little... But not over $100. worth.. Hell people done give GE billions.. He don't need none of my money.. One thing I am enjoying.. The ones who bought that last 250M shrs.. for $333M, was not Joe Six Pack.. Us Joe six packs, are gitten smarter! Let kemmy and crowd bend over, for ole GE.. Since it seems, they are so #$%$ smart....
Thanks for sharing.. Does he own TMS.. I know about Cardiff.. Were there 4 or 5 of those VLCCs.. Drys got when Geo. bailed out his Nephew, buying OCNF.. They were headed into BK, when GE bought it with Drys stk holder money..But what the hell, in 2011.. Drys still had equity, to borrow against.. Personally I think GE has pulled all the earnings and money from sell of over $2.5B stk, out of Drys.. Doing basically the same thing...On this last $700M loan, just paid off, from stk sales. And loans, using equity in that Orig stk.. GE is smart enough, to know.. No one would question why that $700M was still just sitting there, getting ignored.. Hey if Drys weren't in such dire straits, financially.. He most likely would have done as usual.. Just payed to roll it out a couple of yrs.. In the mean time Since first of 2011.. He has used up about all of the equity in that Orig stk, that Drys owns.. What's he going to do next? He couldn't borrow another penny against Drys assets.. And has now used up equity in that Orig stk... We will have to waite and check next earnings report.. To see if GE took the excess money from last stk sales + loans.. Or if he left some, to help with loses Drys is taking... When Drys owned 100% of Orig and bulkers were profitable.. All earnings dissapeared.. And that was while GE was selling maybe $4B of Drys and Orig stk.. And using assets, to borrow another $6B.. As assets, may be worth less than $6B.. Does Drys or Orig stk holders.. With $4B invested, have any thing of value for their $4B? GE said Merry Christmas? He's buying everyone in his family, a new lambroginni for Christmas..
should it go from 70C to $1.40.. That would be 100%..Don't do like kemmy and buy high and sell low.. Hard to come out ahead like that..
BTW: I've never went to bed with an ugly woman.. But oh my god.. I have sure woke up with some...
I am not familiar with trannie? Don't believe I ever heard the expression?
I don't know how old that Capes was.. But a newbuild Cape is worth $53M.. Anybody can google Compass Maritime Weekly, to see value of bulkers..And unless that Cape was older than 5 yrs old.. It's worth more than $40M..
Don't know when China thought oil was cheap.. And decided to start stock piling it? But if they started when oil dropped to $90.? What happens when they got all storage capacity full and no where else to put oil? So far with China buying up excess oil.. It hasn't slowed down drop in oil prices.. I can't imagine oil going much lower.. But reality is. It could?