Aparently you don't. DRYS owns a little under 41%. The last time I checked that wasn't a majority. Mabe you are the lune.
I have been buying. Bought today. Been investing a long time. Reminds me of the S&L crisis in the mid 80's What a blood bath the last two days. Good luck to all. Hang in there.
Imagine what the Balance Sheet & Income Statement would look like if they bought all the shares back from DRYS. Rough calculations Cash per share $7.66 EPS $.82 Tangible Book $ 38 per share
Here is the deal: ORIG buys its stock back from DRYS. DRYS pays down its secured debt. GE buys the boats out of bankruptcy.
Put all the idiots, that spout nothing but nonsense, on ignore. I did a week ago and it really cleaned up the board.
No need to call names. Not very nice. In theory you only need $485,332,344 to buy the entire company. $3.50 x 138,666,384 shares outstanding = $485,332,344. Those that call others names usually have very little of substance to say. GE owns 50% of the company???? Really ??? I am wondering who the real moron is.
They are in the quiet period. After a few days there will be no doubt. ORIG will also buy.
Probably be the ultimate rich boys club. Then there would be the billionaire section.
Manipulation at its finest. Market Makers were "walking it down" ORIG at 3 something makes no sense unless you think supply and demand equilibrium is a flawed theory. (never failed in the past)