A billion dollars.....not a billion shares......he can sell billions and billions of shares all the way down to pennies.....then do a 500 or 1000 or 10,000 to one reverse split and start all over.
Then he will award himself a new supplies of valued shares and round and round she goes.
Wait for the liquidation sale.....then the reverse split.....then the new drop in split shares...then if you think they are out of the water......bottom fish
Sorry Kem......been here before
why is everything about you kem.....there are others on this board who may be more innocent
You may enjoy your money....God Bless
Others may appreciate a warning shot
ORMS ( ME ) lost 430k on DRYS
and I am out.....but I wish I could help you....GE is going to sell you guys down to pennies and then tenth of pennies and then hundredth of pennies
If shipping rate had recovered and China kept up the game......DRYS could be 6 or 7 or 8 bucks now
China died....shipping died.....can happen
Just that Rat fink GE is jumping ship on us for himself
Remember what happened to the Italian Captain on the cruise ship who jumped before the passenger....15 to life
GE will get life with Mr Satan.....in Hell......
That was the final draw
GE will steel the 4 best Tankers for a 40 % discount........sell 100 million of his shares first for 60 /70/ 80 cents....then when he starts selling the shelf 1 Billion he will sell at any price all the way down to pennies...
sure DRYS may get enough to pay ANB and ORIG but there will be over 2 billion shares outstanding
Even if DRYS pulls thru till shipping rates recover ....the shareholdes will drastically diminished to pennies per share.
About a week or so ago...GE filed for a 1 billion shelf registration with a 100 million inside holder attached as well
He has just bought the 4 most profitable Tankers with a " promise of maybe buying the other 6 later"
He can sell as many shares as he wants all the way down to a penny to get up to 1 billion dollars.....which means he will sell at some point well over a billion shares to receive less and less money
At some point he can sell 100 million shares to par the monthly bills
And bet his 100 million gets sold first as the inside party of interest.
DRYS may survive.....if the DRYbulk market recovers........but the shareholders are in for a hard time.
wrong...I took my loses a while back at great pain when I finally woke up.
This GUY is only out for himself now that the chips are down.
Who says the tankers aren,t worth double
I'll bet several hundred million has been left off DRYS table and put on GE's table
He had to get his 80 million back plus all his stock devaluation...
Hell is too good for MR GE.....I wonder if a Picaso painting can buy a cup of water in HELL
You get the DRYS dry bulk business loosing 70 million per quarter......
If rates on DRY bulk shipping don't raise soon.....he will sell everything at bargin basement prises and be done...