It's definitely the face of your typical investor in a Greek shipping co. or Greece in general. Sad but true :(
Like little kids they should NOT have access to it for the greater good.
I don't think I'll be listening to any Cats; especially on stock predictions.
let us see that party ends June 30, 2015. Something is working out with what he purchased on the shareholder's dime? Well GE won't let that happen -he'll just take those back for himself.
and why not eliminate the dividend rather than diluting a stock at a horrible price? This guy doesn't know value. and if you do listen to the cc he's an arrogant #$%$.
Yeah I agree ORIG would still need to eliminate the dividend for liquidity rather than raising it through dilution if DRYS is out of the picture. George should have sold the ORIG shares that DRYS owns last year. Even now he probably should sell those shares to pay down DRYS debt close to nothing and let the chips fall where they may. Let ORIG go it's own way and DRYS it's own.
with so many moving parts, does anyone really know what's going on? What's the amount of outstanding shares -equity, the dry bulk debt, the tanker debt, the drillship debt? I think it's meant to be this way on purpose from experience. Just keep throwing s...t at the wall to see what sticks and shuffle the numbers up hopefully to confuse investors. That latest offering from ORIG ticked me off. I was thinking that was their best asset-equity wise. GE has me thinking otherwise now. #$%$ Economou!
are you being facetious? Get to enjoy these high tanker rates until June 30. woo hoo!
Proceeds from dilutive and underpriced stock offering to buy modern art at the next exhibit showing.