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International Business Machines Corporation Message Board

jrmills0014 256 posts  |  Last Activity: 6 hours ago Member since: May 25, 2002
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  • jrmills0014 jrmills0014 6 hours ago Flag

    When they had drybulkers looking good.. The ones who carried them public.. Just raped stk holders.. Took all profits and money from stock sales.. In 2014.. After Drys was already worthless and had already sold like $3B worth of stk.. Geo. Economue, got idiots to buy another $423M worth of Drys stk? And DSX + NM were busy selling stk holders equity to preferred stk holders... If there has ever been a bunch of idiots!! It were ones who invested in these drybulkers... Are you aware they basically carried SALT public 1st of 2014.. Got idiots to buy like $1B worth of that stk.. Now check and see how much of that money is left.. And they have sold a lot more of that stk since they IPO'ed it.. Where do they find all these idiots???

  • And DSX has been reporting loses for couple of yrs. now.. And loses are going to get worse.. Every time a bulker gets returned... It gets re-leased for less.. They just had 2 panys returned.. Alcyon was leased for $7.75K per day..Re-leased for $7.6K.. Crystalia was leased at $15.8K per day.. Re-leased at $9K per day.. I guess the difference in what they leased for? Crystalia was Ice Class Pany.. And has little more carrying capacity than Alcyon.. I think there has been a glut of bulkers for last 5 yrs.. And bulkers have a life of like 20 yrs.. So in 15 to 20 yrs.. Bulkers may become profitable again... In mean time they are up to their eyeballs in debt.. Building that glut of bulkers.. Will they all go BK??

  • If you really want to know what bulkers are leasing for.. Google, Compass Maritime weekly..

  • Reply to

    ORIG is rich in cash

    by dryandorigup Aug 14, 2015 1:17 PM
    jrmills0014 jrmills0014 Aug 26, 2015 9:23 AM Flag

    U is lost your mind.. They just increased shr outstanding.. Sold $200M worth at $7. per shr.. I figure that has lot to do with why it keeps falling? If they didn't need that cash? Why did GE dilute it? Was GE just getting some money.. He could take?

  • Ole sway back, has fluctuated between $120. and 29c a shr,,' since 2007... It's really been on a tear, the last few days... Bounced off 29c and back up to 35c.. Why I find that amuzing.. I have no idea?

  • jrmills0014 jrmills0014 Aug 25, 2015 9:25 AM Flag

    Starting 2011.. Drys had like 300M shrs outstanding.. In 2011, I noticed outstanding shrs just kept going up every qtr. on earnings report, with no explanation? I started questioning it? Geo had put out a press release in 2010, saying them and Deaucha bank would be selling shrs.... Drys sold about 80M shrs in 2011.. It caused Drys to drop from over $6. to like $3. What the F does GE care how many shrs are outstanding? When he gets around to BKing Drys.. It will all, just get obsoleted.. In mean time all those billions from stk sales, seems to have just diissapeared..

  • Reply to

    can't sell

    by rdthompson25 Aug 25, 2015 8:23 AM
    jrmills0014 jrmills0014 Aug 25, 2015 9:02 AM Flag

    He actually opened the gate in 07.. Feel lucky you didn't bite till last year... In 07 Drys had like 33M shrs.. And was earning like $18. per shr.. GE figured where the money was.. He switched everything around.. Instead of Drys handling everything.. His private Co. Cardiff started handling everything.. Drys hasn't made any money since.. Regardless of what they had bulkers leased for.. Or how much Orig was generating.. Since 07, he has been able to sell suckers about another $3B worth of Drys stk..And over $1B of Orig stk.. Drys now has 665M shrs outstanding.. In 8 yrs.. shrs have increased from 33M to 665M shrs.. With no stk splits.. And with all those revenues Orig has been generating.. How much of the about $5B worth of debt, he has lenders on the hook for... How much of that $5B did GE take? I figure big portion of it!!! With the revenues Orig has been generating.. It makes no sense, they needed to borrow all that money..

  • Reply to

    You and me Majellan. yeehaw!

    by kem60 Aug 24, 2015 10:25 AM
    jrmills0014 jrmills0014 Aug 24, 2015 11:41 AM Flag

    Has GE ever really been wrong?? Seems he makes moves at right time.. That benefit him? While throwing stk holders under the bus.. If there is a play on Drys or Orig right now? He has already got Drys set up for BK...Realitiy.. Unless someone wants to renig on leases for rigs?? Orig figures should be about the same for 3rd qtr as they were for 2nd qtr.. So Orig should report earnings for next 2 qtrs..After that.. Forget about it!!! It will go BK!!

  • Reply to

    Good by DRY and George E

    by kmulhair Aug 24, 2015 9:47 AM
    jrmills0014 jrmills0014 Aug 24, 2015 10:40 AM Flag

    What you talking bout boy!! GE still partying off that $333M worth of Drys stk, he sold in 4th qtr 2014.. He may have f''ed up Drys and Orig's money.. But all those billions from stk sales and loans, flowed to him.. He took that money and built himself a fleet of Bulkers + tankers.. That dwarfs Drys,, He also made enough to buy one of the worlds biggest stk collections.. And art just keeps going up.. And from what I understand.. He bought himself his own private island... He may bust Drys and Orig..I don't believe he is going broke.. Drys stk holders payed maybe over 50% of the cost he has in his fleet of bulkers and tankers... But we can always hope.. He's been as reckless with his private assets.. As he's been with Drys and Origs...

  • Now the billions he got from selling Drys stk,Drys is basically worthless.. And he has lenders on the hook for all those billions lenders lent against Orig assets.. Now Orig's only asset, with $5B debt, is those contracts they got signed before oil prices dropped.. How much of that Orig stk could he have sold when oil was over $100. per brl and those rigs were leasing for over $200M per yr..Not that any off that money would have flowed to stk holders.. But GE missed out on billions.. Not selling bunch of that Orig stk, when Orig looked good.. Too late now.. SOB just sold $200M worth of Orig.. And caused it to drop from $7. to $3. per shr.. When Orig looked good.. He may could have sold 500M shrs? At over $10. per shr.. Oh well, what is $5B amoungst friends..

  • jrmills0014 jrmills0014 Aug 22, 2015 9:21 AM Flag

    About money wrote of as depreciation? Make no mistake those boats and rigs do depreciate.. But has GE just took all that money over the yrs. that has been wrote off as depreciation? All I know.. Drys assets are worth lot less than what debt is..

  • jrmills0014 jrmills0014 Aug 22, 2015 8:45 AM Flag

    BTW: The only reason I post.. I hope everybody can come to love GE, and kemmy and crew, as I have done, since 2011.. Are you aware Drys stk holders had already about payed for those first 6 rigs of Orig, when GE IPO'ed, it in 2011.... Yet none of Orig's earnings ever flowed to Drys... Except for that little divvy Orig payed for 5 qtrs.. While GE was busy selling idiots additional shrs of Drys.. But looks like idiots are running out? What the hell. GE has already sold 632M shrs of Drys since 07.. First 30s0M may have averaged over $7. per shr? In 2011, he sold another 80M shrs.. That could have averaged over $4. per shr.. In 1st qtr 2014, he sold another $90M worth at average of $4.14 per shr.. In 4th qtr 2014 not to leave any money on the table.. He sold another 250M shrs for $1.40 a shr..Drys has never been about making money.. It's been about how much money GE could make.. Selling stk, and how much they would lend him against assets..BTW: The first 33M shrs.. Sold from $20. to $120. per shr.. Without a stk split.. Since 07.. Drys outstanding shrs, have went from like 33M shrs to now over 665M shrs..If you want to know where all that money went.. You will have to ask GE?

  • jrmills0014 jrmills0014 Aug 22, 2015 7:28 AM Flag

    Do lenders have any more controll of what the dummy does, than stk holders? If so, why would they have let him sell 28.5M shrs of Orig for $7. per shr on June 8th? GE just wanted to get that $200M while he could.. None of Orig's figures indicate they needed that money? In mean time those shrs the lenders have locked up have dropped from $7. to $3.. So for all practical purposes.. He was selling lender down the creek, along with stk holders of Orig and Drys..So he could continue paying Cardiff like $200M per yr for General and Admin expenses.. And who knows what GE takes in salary and bonuses.. Which would be wrote off as arbitration expense.. And just what happens to all the money wrote off as depreciation? I figure since 2007.. GE has averaged pulling over $500M per yr out of Drys and Orig? One way or other.. Where else could all the money have gone? From the billions in revenues, over $4B from stk sales.. And $6B in loans... Now he has both of them in shape to send them into BK... He's got his. #$%$...

  • IBM's dividend is now paying 3.4%.. If they can borrow money for less than 3.4%?? For the record.. Key statistics board shows IBM has like $8B cash and like $38B debt..

  • Before the mkt turned around.. The money from all retirement funds are controlled by very few.. The ones who handle all those trillions.. Could care less what stks trade at.. Just bet them they can't drive a stk up or down. After they bust every body, betting stks going higher, They can drive the stks right back up.. Now are they in process of busting the world again?? As of right now.. Don't be as stupid as I was.. And bet the mkt will turn around..Sit back and watch and waite.. It will turn around.. But when? If you can figure it out..Don't go busted, in the mean time.. When it turns around.. You could make some serious money, if they ain't busted you in the mean time.. It's hard to come back from oblivion.. Stick around.. We can beat them at this game!! Well not really beat them..But a miilion don't faise them.. I done told you I went broke. Now just want to make my million back.. But, make no mistake.. If you think I will be happy with a million!! Is you crazy? If I can make a million.. Why not several million.. Greed is a terrible emotion!!! But seems we were all born with a greedy gene??? Funny part.. When a man can't drink a couple of beers and get a piece What is wrong with his brain???..

  • Reply to

    BPI up 11, BSI up 66

    by boat9man Aug 21, 2015 9:02 AM
    jrmills0014 jrmills0014 Aug 21, 2015 12:26 PM Flag

    I don't drink Jack..My preference Canadian blended whiskey.. Jack leaves like a kerosene taste in my mouth.. But got some buddies that love it.. Yes I was wrong about IBM going up in Aug.. Last contribution I made to the crooks driving this mkt down.. Was $1K.. I don't think IBM will make much of a big up move in this third qtr? Personally hope it goes lower.. Right now, deciding how much I want to invest in Jan 2016 calls.. This is no time to buy Jan 15 calls on IBM.. IBM usually report on 18th.. By yr end I will have bought some 2016 calls on IBM.. If I get it right?? May turn a few thou. into some serious money.. I really don't need the money, or care about it I'll just give it away to people who need it.. And I know plenty of them!! For the record I bought a gal of Canadian mist and 1/2 gal of vodka 2 wks ago.. Didn't drink any of it "" till""l today.. Now may pull a Hank Snow and get as drunk as a skunk..Lock the women up and you bad Mo Foes better hide!! Cause when I get to drinking.. I am one sexy thang! Eight foot tall and bullet proof.. And they ain't never invented a game you can beat me at.. Idiots like me! Keep those Casinoes in business!!!

  • Reply to

    BPI up 11, BSI up 66

    by boat9man Aug 21, 2015 9:02 AM
    jrmills0014 jrmills0014 Aug 21, 2015 11:01 AM Flag

    Here is the BS you get from kemmy and crew.. Trying to get you to buy this POS.. BPI + BSI have nothing to do with Drys.. By 2011 about all those 24 Panamax had went to spot.. Which is BDI.. And Geo. just leased 11 of the 13 Capes @ $12.5K per day for 4 1/2 yrs,.. At the time he made that move! Capes On BDI were leasing from $15K to $19K per day.. If GE thought he was slick?? And his private Co. Cardiff wrote those contracts.. Are they really any good?? Spot rates for Capes have now dropped back to $11.1K per day.. But as the previous rates, those Capes were leased at, were from $20K to $55K per day.. And if he could cancel them and lease them for $12.5.. I guess when you are lessee+lessor.. You can do ansything you dam well please with contracts.. Personally I hope rates for bulkers drop to nothing again, and busts GE.. He has alreaddy busted Drys and Orig... And those tankers that GE took at such an opertune time.. I hope sanctions get lifted for Iran.. And they free up a bunch of tankers, That they been leasing to store excess oill.. And rates for those tankers, that GE basically stole from Drys.. Start leasing for little of nothing... I'd like to see that greedy GE lose all the billions he has made off Drys.... He should be some kind of hero in Greece!! Beating those arrogant Americans out of billions...

  • jrmills0014 jrmills0014 Aug 20, 2015 3:33 PM Flag

    All I can say the lying stinking hoe, was good at it for yrs!! Drys sold 665M shrs for over $3B.. Orig sold over $1B worth.. Funny part: All that money, just seems to have dissappeared Assets are now worth lot less than the about $6B debt.... And all those profits Drys and Orig ever made!! (billions).. GE took it all but $50M.. Orig payed out about $50M to stk holders of that Orig stk that Drys didn't own.. Now $50M sounds like a lot of money.. But Drys sold anouther $423M worth of stk, while they were paying out that $50M.. And Orig just sold another $200M worth... Pretty good investment of $50M.. Got dummies to buy $623M of Drys and Orig stk.. Send me $623M.. I will gladly pay you $50M of it back..GE must smoke some good sheet.... What have the idiots been smoking that just keep sending him money, buying stk? or the dummies who have lent him $6,000,000,000.00 ($6B)..

  • On Drys Key Statistics board.. They still have some of Orig figures rolled in with Drys.. In the past you had to subtract Orig's debt from what they were showing as Drys.. Now they tell you how much cash Drys has and what debt is.. Last reported: Drys had $11.55 cash..And $1.09B debt.. So all the BS about Drys selling profitabe tankers to Geo, would reduce Drys debt..That's just another example of the BS Geo. has feed stk holders, as Geo has basically robbed Drys.. Didn't do Drys any good? Debt stayed about the same.. Now that tankers are profitable.. Geo. bought them for 1/2 of what Drys had invested in them.. Now Drys will have very little revenues.. With $1B debt.. BTW: GE sold $423M of Drys stk in 2014.. Based on lies.. That Orig revenues and profits belonged to Drys..BTW: You will have to go back and read past lies as he sold the other $3B worth of Drys stk... Are you aware on 1st qtr report.. Drys reported like $5.5B debt.. But that included Origs debt.. Now 2nd qtr. Drys reports $1.09B debt.. Reality Drys lost it's only hope of surviving with those tankers.. And debt stayed about the same.. And with not much of explanation.. Rates for 11 Capes dropped from like $20K to $55K per day..To $12.5K per day.. When Geo sends Drys into BK.. Lenders are going to want to know where all that money has been going?? Dummies that bought over $3B of drys stk, should have been asking where all the money was going.. Too late now! Going to call the law!!!

  • Reply to


    by load_neta Aug 18, 2015 11:01 PM
    jrmills0014 jrmills0014 Aug 19, 2015 11:20 AM Flag

    I believe they stated Drys debt is little over $1B..

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