it should go back now to 2ish, where it was when all this started, and then wait for the news. Then it is up to the BDI/shipping market and an oil price recovery. These last two days were one of the most epic thievery attempts I have ever seen.
I don't care what you do. If you decide to off yourself though, let me know. I'd like to watch
Trollapath who claims he "saw" GTAT bankruptcy coming. That's a howler. Is he Tim Cook's rent boy? Probably
Or listen to them if you hate your money
Two points: funding commitment from GE himself
CFO says the convertibles will be refinanced. That is a material statement.
I'm long at 1.35, have removed stop.
The shipper would use the loan in addition to sources that include a $350 million financing from ABN Amro Group NV, $100 million available in a credit line from Nordea Bank AB, cash on hand as well as a funding commitment from Chief Executive Officer George Economou, according to two people with knowledge of the company’s plans, who asked not to be identified because the talks are private.
DryShips canceled a $700 million offering of secured notes over the weekend that would have refinanced the convertible after potential investors demanded a sweetened yield, one of the people said. The average yield on speculative-grade bonds rose to 6.54 percent Oct. 10, the highest level in a year, according to Bank of America Merrill Lynch Index (BDIY) data.
“We had a fully covered book, but we consider the terms and structure offered as expensive and therefore not in the best interests of our shareholders,” Ziad Nakhleh, chief financial officer of DryShips, said in an e-mailed statement. “We currently intend to refinance the convertible notes due on Dec. 1 using funds from a number of alternative options at our disposal,” including t
Lisavargas: trollapath is a low level cube dweller at some hedge fund that has done this to DRYS and ORIG. They bought the bonds and then shorted both stocks. There's a gang of them doing this. He knows nothing other than what his masters spew out. They got lucky with a commodity and oil selloff, that's all. He's been slithering around with this BS since early summer you know they were planning to do this. I read on some hedge fund forum around the same time the rec to buy the DRYS bonds and short both stocks to "force a better deal.:" I even put that one here back then. Since GE is as devious as they are, I assume he will come up with a way to screw them over.
No, YOU are hilarious. What did you lose, $10K in 2 days? You have no business around a computer and a brokerage account. Go back to whatever stinkhole you're oozing out of
oh yea, I traded it Thurs/Friday too, scratched for commissions.
WLT is sold out. WLT will double and triple. I'm sorry you've lost so much money on DRYS. I have no stock and haven't since I sold my last bunch for 15 cents profit at 2.47. Maybe you should get a job if anyone will hire you.
yeah, just like you keep reposting irrelevant posts of mine that have long ago been traded out of. Just can it or I will keep looking through your old stuff and I'm sure I'll find plenty of material